EURUSD forex technical analysis 22 May 2015
We've pulled up at the 1.10 big figure for now. It's also the 200 H4 ma. That's roughly 180 pips since the data and that's a lot just one part of a data point. Greg's noted the price stopping at the 200 H4 ma, so I won't bore you with that. Under there we have the 55 dma which coincides with the 28/29 April break up at 1.0965/70
EURUSD daily chart
Although we've bounced back to 1.1028 this move has brought the 1.93bn option expiry at 1.1000 into focus. With 5 minutes until that goes off I'd expect the price to have a roam about these levels before making it's next move. I would give the price at least 5 minutes after the expiry before trying to judge direction and the writer./holder might unwind whatever positions they have in that time
