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Figure Heloc 
There are just a few to take note of on the day, as highlighted in bold below.The first being for EUR/USD at the 1.1650 level. The expiries don’t tie to any technical significance and may not feature much into play. That especially if the trading mood in Europe today follows the same theme as it has been in previous days. Markets are gripped by the US-Iran conflict and headline risk is the key thing that is driving trading sentiment at the moment.The dollar has been a little firmer in the past few sessions but not really pushing gains all too much as the risk mood holds steadier today. That after the retreat in US trading, with yet another day of stalled plans for negotiations between the US and Iran.In the case of EUR/USD, the pair is also continuing to keep around the 200-day moving average at 1.1674 and that is the bigger technical level in play currently. Buyers are holding the line so as to not give up technical control to sellers but the pressure is definitely building as the US-Iran conflict drags on.That is the more important level to watch for EUR/USD in the day ahead.Besides that, there is one for USD/JPY at the 160.00 mark. However, I don’t see that as being all too impactful as it’s a psychological game mostly now for the currency pair. Tokyo has been rather vocal in warning about intervention risks this week, wanting to draw a line before a break of the figure level. So, that is likely to keep price action under wraps unless there is a major negative headline to hit from the US-Iran conflict. In turn, that will drive the dollar up and yen down on the reaction.As such, the headline risk potential is the bigger driver of trading sentiment and price action at this point. That and perhaps some potential de-risking flows before we get to the weekend but we’ll see.For more information on how to use this data, you may refer to this post here.
This article was written by Justin Low at investinglive.com.
💡 DMK Insight
EUR/USD is hovering around the 1.1650 mark, and here’s why that matters right now: With expiries at this level, traders should keep an eye on how sentiment shifts in Europe today. If the mood is bullish, we could see a push above this level, potentially targeting the next resistance area. Conversely, a bearish sentiment might lead to a test of support levels below. It’s crucial to monitor economic indicators coming out of Europe, as they could sway the market significantly. Also, watch for any geopolitical news that might impact the euro’s strength against the dollar. Given the current volatility, a breakout or breakdown from 1.1650 could set the tone for the next few trading sessions, so positioning around this level is key for both day traders and swing traders alike. On the flip side, if the market remains stagnant, the lack of significant movement could lead to a range-bound scenario, making it harder to capitalize on short-term trades. Keep your charts updated and be ready to react as the day unfolds.
📮 Takeaway
Watch the 1.1650 level for EUR/USD today; a breakout could lead to significant movement, while a failure to break could keep it range-bound.
