A look at what is on the board for today
Apologies as I had some technical issues digging out the data for yesterday but I hope the weekly snapshot sufficed, but at least it was also FOMC day so yeah.
In any case, there are a couple of big ones to take note of today for EUR/USD in and around the current spot level, as highlighted in bold.
That may keep price action more sticky although buyers are in near-term control now on a push above the key hourly moving averages and 1.1800 – that is the downside risk now.
There is some minor resistance closer to 1.1880 but 1.1900 may see offers lined up alongside the larger expiries at the level to keep gains limited for the time being.
Besides that, there isn’t much else on the board that is too significant on the day.