There are just a couple to take note of on the board for today, as highlighted in bold below.The first one is for EUR/USD at the 1.1575 level. The expiries don’t tie to any technical significance but could just help to limit any downside extensions for price action in the session ahead before rolling off later in the day. That especially with no major economic data releases to work with in European trading.Then, there is one for USD/JPY at the 152.00 level. That also doesn’t tie to any technical significance, so it might not offer much – if any – impact on price action today. That as the Japanese yen remains softer after Takaichi was officially confirmed as prime minister, while the dollar also remain firmer in trading so far this week.For more information on how to use this data, you may refer to this post here.Head on over to investingLive (formerly ForexLive) to get in on the know!
This article was written by Justin Low at investinglive.com.
đź’ˇ DMK Insight
EUR/USD is hovering around 1.1575, and here’s why that matters right now: With expiries at this level, traders should watch for potential price stabilization or resistance. While these expiries might not align with significant technical levels, they can still act as a psychological barrier, limiting downside movement. If the pair breaks below this level, it could trigger stop-loss orders, leading to a cascade effect that might push prices lower. Conversely, if it holds, we could see a bounce back, especially if broader market sentiment shifts positively towards the Euro or negatively towards the Dollar. Keep an eye on correlated assets like the DXY index for broader dollar strength or weakness, as this could influence EUR/USD movements. As we approach the end of the trading day, monitor any news or economic indicators that could impact the Eurozone or U.S. economy, as these could sway traders’ positions significantly. The real story is how this level interacts with market sentiment—watch for volatility spikes around key economic releases or geopolitical events.
đź“® Takeaway
Watch the 1.1575 level in EUR/USD closely; a break could trigger significant downside, while a hold might lead to a bounce back.






