| In this video, we analyze the recent price action of EUR/USD, focusing on the key levels and developments that impacted the market. Today, the EUR/USD pair experienced a sharp downward movement, facing significant resistance against its 100-hour moving average during the Asia-Pacific session. The subsequent downside move found support just below the 1.0900 level. Moreover, several option expirations took place at that strike price today, adding further significance to the area. However, in the last few hours, we witnessed a rebound back towards a floor area ranging between 1.0933 and 1.0942. Notably, the 1.0942 level holds importance on the daily chart as well, making it a key level for both buyers and sellers. Sustained price action below this level would suggest a more bearish outlook. |
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