The Major currencies were relatively quiet with the USD index slightly easing back to the 93.00 level. However, the EUR/USD is still making lower lows and lower highs signs that the bearish trend is still in place.
Option expiries of note for today's 15:00 BST:
EUR/USD: 1.1800 (0.435 BLN), 1.1900 (2.4 BLN), 1.1975 (0.508 BLN) and 1.2000 (1.3 BLN).
It is too late in the game to enter short and too risky to go long, I do not want to grab a falling knife. Therefore, I am staying on the sidelines waiting to grab an upward correction.
Option expiries of note for today's 15:00 BST:
EUR/USD: 1.1800 (0.435 BLN), 1.1900 (2.4 BLN), 1.1975 (0.508 BLN) and 1.2000 (1.3 BLN).
It is too late in the game to enter short and too risky to go long, I do not want to grab a falling knife. Therefore, I am staying on the sidelines waiting to grab an upward correction.