We believe that the trade of the week will be setup tomorrow as the Euro
embraces the US holidays to climb higher into the 1.07000 Level. Price has been using the 100 EMA
which looks as if its going to converge around this level.
An old support level
, then resistance level
looks as those large option expiries also eleviate this level. RanSquawk noting 2bln cash flow options.
A Fibonacci retracement
can also be used from November high to November low which shows 1.06797 as the 61.8 Fib retracement.
Trend Continuation lets see if price gets up there...