Technical levels in play through US data for the EURUSD

Technical Analysis

Author: Greg Michalowski | eurusd

What levels to eye

Mike outlined the key option expires. It seems there is a bunch in play today.
  • EURUSD: 1.2200 (EUR 1.8bln) 1.2275 (1.4bln) 1.2300-10 (2.1bln) 1.2340 (935m)1.2345 (600m) 1.2400 (2.0bln) 1.2455-65 (1.35bln)
What technical levels are in play?

  • The price traded down to the 200 hour MA (green line in the chart above) at 1.23375 and stalled.  A move below is more bearish.
Targets below include:
  • 1.2312. This was a swing low from Feb 6th. Yesterday, the price bottomed near the level before moving higher.
  • 1.2292-97: 100 hour MA and swing levels (see blue line in the chart above).
  • A move below is more bearish. 
Targets on the topside:
  • 1.2363-68: The 50% of the move down from the Feb high and the 100 bar MA on the 4-hour chart (blue step line).  
  • 1.2401.  The 61.8% of the move down from the Feb 1 high.
  • A move above is more bullish.


Long live cryptocurrencies? Five insights from the ASAC Fund

By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose