FX option expiries for 19 December 10am New York cut
Forexlive - Dec 19th, 2024
The EUR/USD currency pair is experiencing a significant downside break below the 1.0400 level following recent actions by the Federal Reserve. The pair reached a low of 1.0343, close to the 22 November low of 1.0331. Sellers have successfully maintained a daily close below 1.0400, suggesting continued downward momentum. Large expiries today, along with major ones tomorrow, might further support this trend unless stronger influences emerge. With the final trading week of the year underway, securing a clear break below 1.0400 could lead to a push towards parity in the coming year. Upcoming US initial jobless claims data may also impact movement.
RATING
The article provides a technical analysis of the EUR/USD currency pair's recent movements, focusing on price levels and potential future trends. However, it lacks supporting data, source attribution, and multiple viewpoints.
RATING DETAILS
The article provides some factual information regarding the EUR/USD currency pair's price movements but lacks specific data references or charts to verify these claims.
The article offers a singular perspective on the EUR/USD movement, focusing on technical analysis without considering other factors such as economic data or market sentiment that could influence the pair.
The language is somewhat clear but could be confusing due to the lack of context and explanation of terms for readers unfamiliar with technical analysis.
The article does not cite any sources or authorities in the field, reducing the reliability of the information presented.
There is no disclosure of potential conflicts of interest, and the article does not link to any additional information or clarify the basis for its analysis.