US Session: Orders and Options Watch

 (by ForexAction)

EUR: The single currency ran into heavy offers at 1.1389 in European session and has retreated, bids at 1.1345-55 were filled but buy orders are still seen at 1.1320, 1.1295-00 and 1.1275-85 (stops below 1.1270), buying interest is tipped further out at 1.1240-50, 1.1225 and 1.1200. On the upside, offers are now noted at 1.1360, 1.1390-00 and 1.1425, sell orders are located at 1.1445-50 (stops above) and 1.1485, selling interest is expected at 1.1500 (stops above) and 1.1520-30.

GBP: The British pound also retreated after rising to 1.5539, bids at 1.5480-90 were filled but buy orders are still noted at 1.5450 and 1.5425, buying interest is located at 1.5400, 1.5375-80 and 1.5350, fresh demand should emerge around 1.5330-35 (stops below) and 1.5300. On the upside, offers are now seen at 1.5500 and 1.5540, sell orders are reported at 1.5550, 1.5580 and 1.5600, more selling interest is tipped at 1.5625-30 and 1.5650.

CHF: The greenback traded narrowly and further sideways trading is in store , offers are still noted at 0.9525-40 area, mixture of offers and stops is located at 0.9550-55. On the downside, bids remain at 0.9465, 0.9450 and 0.9430, buy orders are tipped at 0.9400 and in good size at 0.9370-75 (stops below), more buying interest is expected at 0.9350, 0.9315-20 and 0.9285-95 (stops below), fresh demand should emerge around 0.9250-60.

JPY: Dollar recovered after falling to 118.63 earlier today, offers at 119.00 were filled but sell orders are still seen at 119.20 and 119.35, more selling interest is reported at 119.50, 119.80 and 120.00, mixture of offers and stops is tipped at 120.25-30. On the downside, bids remain at 118.60-65, 118.40 and 118.20 (sizeable stops below), more buying interest is tipped at 118.00, 117.85 and 117.60.

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