There is just one to take note of on the day, as highlighted in bold below.
That being for EUR/USD at the 1.1700 level. The pair has finally broken back to the upside yesterday amid a weaker dollar, with the near-term bias switching back to being more bullish now. That puts buyers back in control but given the lack of key catalysts, we could see the expiries help to limit gains in the session ahead at least.
Ahead of the key trade deadline on 1 August, it seems like markets are slowly circling back to the TACO playbook. So, that’s something to be wary about for the dollar after having ran a bit of a short squeeze in recent weeks.
For more information on how to use this data, you may refer to this post here.
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This article was written by Justin Low at investinglive.com.
