Barrier option at 1.1500 casts a shadow over EURUSD

Author: Mike Paterson | Category: Forex Orders

It's been a decent few days for EURUSD but more sellers loom ahead 2 May

A few stop-loss buy orders were triggered through 1.1470 earlier and we've been up to 1.1481 but there's a barrier option at 1.1500 and that will be providing some decent sell-interest.

I've been highlighting the strong interest for a while now in the daily order boards so it should be no surprise to our readers. I remain a dip buyer but this level will be defended so taking some money off the table may be prudent. Whether we can blow through in thinner London-free markets remains to be seen.

Currently 1.1467 waiting for some European direction now. Expect demand around 1.1450 and more between 1.1420-25.

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