Bitcoin 
Ethereum 
Tether 
XRP 
BNB 
USDC 
Solana 
JUSD 
TRON 
Lido Staked Ether 
There is just one to take note of on the board for the day, as highlighted in bold below.That being for EUR/USD at the 1.1800 level. Similar to the day before, this isn’t one that ties too closely to any technical significance. However, we are seeing price action weave in and around the figure level in the past few days and so the expiries will provide another magnet to keep things more sticky until we get to US trading.If anything, just be wary that the 100-hour moving average is also narrowing in at 1.1808 currently. So, that will help to limit some topside momentum in case of any price extensions in the session ahead. However, push above that and it can free up some scope for price action to keep above 1.1800 more comfortably before the weekend.Besides that, expect trading sentiment to be more tied to the broader market mood. Things are looking fairly nervous after the big moves yesterday and also another round of sharp selling in silver earlier today, as well as in Bitcoin.There is a bit of a light breather as we see a bounce back from the lows but it doesn’t take away from the tense and edgy mood overall.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 the 1.1800 level, and here’s why that matters right now: While this level doesn’t scream technical significance, the current price action is weaving in and out of it, indicating potential volatility. Traders should keep an eye on this level as it could serve as a psychological barrier. If we see a sustained break above or below 1.1800, it could trigger momentum trades. Look for confirmation on the daily chart; a close above 1.1820 could signal a bullish push, while a drop below 1.1780 might invite sellers back into the market. It’s also worth noting that the broader market sentiment around the Eurozone’s economic recovery and U.S. Federal Reserve policy could influence this pair. If the Fed signals a more hawkish stance, it could strengthen the dollar, pushing EUR/USD lower. Conversely, any positive economic data from the Eurozone could bolster the Euro, making this level even more pivotal. Watch for upcoming economic releases that could shift sentiment and impact trading strategies.
đź“® Takeaway
Monitor the EUR/USD at 1.1800; a break above 1.1820 could signal bullish momentum, while a drop below 1.1780 may invite selling pressure.
