EURUSD Daily
I mentioned yesterday that 1.16200 is a pivotal within a broader channel, and now when EUR got above it there is a possibility of change of trend/wave, but be aware that we need at least two closings above it to confirm.
Any close tonight below 1.16250 would signal renewed pressure Down.
In this very moment it acts as a support , and as long as it holds Intraday pressurw will be Up.

FX option expiries for 10 March 10am New York cut
EUR/USD at the 1.1640-50 levels. After the drop since the start of last week, we’re finally seeing the pair move back above its 100-hour moving average (seen at 1.1597 currently). However, price action continues to rest below the 200-hour moving average (seen at 1.1666 currently). So, that keeps the near-term bias more neutral for now.

European FX news wrap: Markets in a cautiously optimistic mood
It’s been a pretty calm session with no major news or data releases. The sentiment in the markets is cautiously optimistic after Trump told CBS yesterday that “the war could be over soon”.
We got a taste of what is likely to come when we get the real de-escalation as Trump’s words triggered a quick relief rally with stocks surging, oil selling off and the US dollar weakening. Traders are now looking forward to the de-escalation, so the upside in the war premium should be limited.
In the American session, we get the weekly US ADP jobs data which hasn’t been a market moving report for a long time, and it’s unlikely to be so today. The focus is solely on the war because that’s going to influence the data in the future. The data we are getting now is all pre-war, and therefore old news.
XTIUSD UPDATE
XTIUUSD 4 HOUR CHART
Forex Market Snapshot

Scanning the headlines these do not sound like a case for risk on


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