Bitcoin 
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Figure Heloc 
There are a couple to take note of on the day, as highlighted in bold below.The first one is for EUR/USD at the 1.1625 level. It isn’t one that ties to any technical significance, so the impact of the expiries should be more muted. The pair has been on the ascend since last week with the more immediate focus being on the 100-day moving average at 1.1662 currently. That’s the key line in the sand to watch for the pair instead.Then, there is one for USD/CAD at the 1.4025 level. If anything, the expiries could keep price action more locked in during European trading considering price action also sits in between the key hourly moving averages of 1.4016-56 currently. So, that defines the range in play for USD/CAD as buyers hold the line at 1.4000 during the course of the week thus far.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.
💡 DMK Insight
EUR/USD is hovering around 1.1625, and here’s why that matters for traders right now: While this level lacks technical significance, the expiries could still influence short-term price action. Traders should keep an eye on the broader market sentiment, especially with recent volatility in the forex space. If EUR/USD breaks below 1.1600, it could trigger further selling pressure, while a bounce back above 1.1650 might attract buyers looking for a reversal. The lack of strong technical levels means that traders should be cautious and watch for any unexpected news that could sway sentiment. Additionally, correlations with other pairs, like GBP/USD, may provide insights into market direction, so monitoring those relationships could be beneficial. In the current environment, where economic indicators are fluctuating, staying alert to shifts in market sentiment is crucial. The real story is that even minor levels can lead to significant moves, especially if market participants react to expiries or news events. Keep an eye on the 1.1600 and 1.1650 levels for potential trading opportunities.
📮 Takeaway
Watch for EUR/USD around 1.1600 and 1.1650; breaks could signal significant moves in either direction.
