There are a few to take note of on the day, as highlighted in bold.
And they are for EUR/USD, layered in between the 1.0350 to 1.0420 levels. As the dollar is weaker on Trump's inauguration day, that is pushing EUR/USD back up towards the 1.0400 mark. The expiries above should play a role in keeping price action underpinned, barring any headline swings on tariff plans/denials in the session ahead.
There is some near-term resistance as well around 1.0420-35, so the upper bound of the expiries highlighted above should help to keep things in check as well. But for now, the dollar is on the softer side with EUR/USD buyers in near-term control. So, keep that in mind from a technical standpoint.
For more information on how to use this data, you may refer to this post here.
This article was written by Justin Low at www.forexlive.com.
And they are for EUR/USD, layered in between the 1.0350 to 1.0420 levels. As the dollar is weaker on Trump's inauguration day, that is pushing EUR/USD back up towards the 1.0400 mark. The expiries above should play a role in keeping price action underpinned, barring any headline swings on tariff plans/denials in the session ahead.
There is some near-term resistance as well around 1.0420-35, so the upper bound of the expiries highlighted above should help to keep things in check as well. But for now, the dollar is on the softer side with EUR/USD buyers in near-term control. So, keep that in mind from a technical standpoint.
For more information on how to use this data, you may refer to this post here.
This article was written by Justin Low at www.forexlive.com.