There are just a few expiries to take note of on the day, as highlighted in bold below.The first ones are for EUR/USD at the 1.1600 and 1.1630 levels. As things stand, the currency pair – like the others – remain very much tied to dollar and broader market sentiment. US-Iran headlines remain the main thing to watch but barring any headline surprises, we could see price action keep within a more limited range as outlined above.The 100-hour moving average for the pair is seen at 1.1620 and that has somewhat helped to keep upside potential in check yesterday with the ceiling closer to 1.1630. As such, the expiries could help to keep a lid on things as well – at least in European trading. That provided we get no headline surprises in the session ahead.The main driver of price action will continue to be US-Iran developments, so that will override any impact from the expiries when the headlines come into play. So, just be wary of that.Similarly, there is one for USD/JPY at the 159.00 level. The pair has been rather sticky closer to the figure level amid fears of overextending and rising intervention risks once again. Traders seem to have a sense that any venture closer to the 160.00 level might incur the wrath of Japan’s ministry of finance, so they are being cautious.That is likely to keep up until the weekend barring any major surprises to shake up the market mood.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 near key expiry levels of 1.1600 and 1.1630, and here’s why that matters: With these expiries approaching, traders should brace for potential volatility as positions get adjusted. The pair’s sensitivity to dollar strength means any shifts in U.S. economic data or Fed commentary could trigger significant moves. If the dollar shows strength, a break below 1.1600 could open the door for further downside, while a bounce off this level could indicate bullish sentiment returning. It’s also worth noting that broader market sentiment is playing a crucial role here. If risk appetite shifts, we might see correlated moves in other pairs like GBP/USD or AUD/USD. Keep an eye on the daily charts for any breakout patterns around these expiry levels, as they could signal the next short-term trend. Watch for any economic releases or geopolitical news that could impact the dollar’s performance, as these will be pivotal in shaping the EUR/USD trajectory in the near term.
📮 Takeaway
Monitor the EUR/USD levels at 1.1600 and 1.1630 closely; a break below 1.1600 could lead to further downside, while a bounce may signal a bullish reversal.




