USD mostly lower but modestly
EURUSD:
Yesterday, the EURUSD fell below the 100 and 200 hour moving averages in the NY session and stayed below. Today, that dynamic switched later in the Asia-Pacific session and the price has been able tto stay above the MAs in the London session. The 200 hour moving averages currently trading at 1.06032. The 100 hour moving averages at 1.0613. The low in the London session reached 1.0602. The post recent lows have stayed above the 100 hour MA (blue line). Mike points out that there is a huge option next three at 10 AM in the EURUSD at 1.0600. That is huge. Option buyers want to see the price move away from the expiration price. Option sellers want to see it close right at the level (expire worthless) The sellers may be more in control. That may be why the price is hangin around the level