Fxo2020 12 Id 2a8460e4 8431 479b 822e 8d662005bf90 Size975.jpg

FX option expires for December 20 10 am New York cut


There are plenty of important and big endings in play today, as pointed out there bold.

The bigger ones are for EUR/USD and the ones to watch out for are between 1.0300 to 1.0400, given the current trading sentiment. The pair saw price action pull towards 1.0400 yesterday before later falling back and the above timeframes should provide a similar range before going further. forward in the day. That's especially with few other market events to work with during the coming session.

Then, there is one for USD/JPY at the 157.00 mark and that could provide a bit of a pull factor in European trading. So, just be aware of that.

There are also big ones for GBP/USD around 1.2490-00 and that could help keep a lid on things in the coming session. The pair may be hiding at the lowest levels since May and the dates will act as a protection level for sellers to try to keep the trend going.

Then, there is one for USD/CAD at the 1.4400 mark but I would not attach much importance to this one. The pair looks set for an impressive technical break in December, with more significance at this point on the 1.4500 and 1.4600 mark.

And finally, there is one for EUR/GBP at the 0.8300 mark. That could provide some traction in keeping price action more limited in the coming session at least. That is especially with the pair hoping for a strong break below 0.8300 on the monthly chart. That will be one to watch out for as we approach the closing levels of December trading.

For more information on how to use this data, you can refer to this post here.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *