Bitcoin 
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Figure Heloc 
There are just a couple of expiries to take note of on the day, as highlighted in bold below.They are for EUR/USD at the 1.1600 and 1.1650 levels. The expiries don’t tie to any technical significance but once again could act as a bit of a magnet and/or keep a lid on price action for the session ahead. The ones at 1.1650 in particular may just help to limit price movements on the session, with market players still keenly watching out for the US-Iran deal announcement.The broader risk mood and dollar sentiment remain the two bigger influences of price action. So, headline risks will continue to be a key driver in closing out the week. So, just be wary of that as that can override the impact or pull factor of the expiries above.Also, there is potential month-end shenanigans to watch out for as well. So, just take note of that when looking to the day ahead.Otherwise, we are likely to see markets keep more tentative in waiting for the announcement and details of the US-Iran deal. It’s now a real question of whether that will come before the weekend or not. And if not, will there be some late and heavy de-risking just in case? And even if there is a deal, is it going to be a case of buy the rumour, sell the fact on the details? Just a couple of things to consider.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
With EUR/USD expiries at 1.1600 and 1.1650, traders should watch for potential price magnetism. These levels might not hold technical significance, but they can influence short-term price action. As these expiries approach, expect increased volatility, especially if the market is near these levels. If EUR/USD hovers around 1.1600, a bounce or rejection could signal a short-term trading opportunity. Conversely, if it breaks through 1.1650, it might indicate bullish momentum, prompting traders to reassess their positions. Keep an eye on related pairs like GBP/USD, as movements in EUR/USD often correlate with shifts in other major currency pairs. The real story here is how these expiries could create a tug-of-war effect, drawing traders in and potentially leading to sharp moves as positions are unwound or adjusted. Watch for any news or economic data releases that could impact the euro or dollar, as these could amplify the effects of the expiries. The next few hours could be crucial for day traders looking to capitalize on these levels.
📮 Takeaway
Monitor EUR/USD around 1.1600 and 1.1650 for potential volatility; expiries could create sharp price movements today.
