Forex Top Team

19th in March 2024, Today’s Options

 

EUR/USD:

1.0790 – 1.4 billion 1.0865 – 1.0 billion 1.0875 – 938 million

USD/JPY:

150.00 – 733 million 151.50 – 500 million

Options likely to influence today’s price movements:

EUR/USD:

1.0790 – 1.4 billion 1.0865 – 1.0 billion

USD/JPY is trending upwards. Support is expected around 149.55, where a significant option with a 22-day cut exists. Resistance is anticipated between 150.70 and 151.00, where intermittent selling orders are present.

EUR/USD is trending downwards. Support is seen at 1.0790, with a substantial option worth 1.4 billion. Resistance is expected around 1.0905, where a significant option with a 20-day cut exists.

Current power balance on the 15-minute chart:

USD > CAD > EUR = CHF > GBP > NZD > AUD > JPY

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