EURUSD posts session lows as option expiries cast a shadow

Author: Mike Paterson | Category: Forex Orders

EURUSD has once again held up at 1.2230 19 Jan

Greg highlighted the tech support at 1.2242 but we've now breached to post Asian and session lows around 1.2230.

Earlier and since I have been highlighting large option expiry interest at 1.2200 and advised that we couldn't rule out a challenge but that there seemed to be a line of defence around 1.2230.

Certainly seems that way atm as we bounce to 1.2245.

40 mins to go to expiry though so keep your eye on the clock still and a break of 1.2230 to accelerate a further fall.

For further info on how to use the option info check my post here


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