Bitcoin 
Ethereum 
Tether 
BNB 
XRP 
USDC 
Solana 
TRON 
Lido Staked Ether 
Figure Heloc 
There is just one to take note of on the day, as highlighted in bold below.That being for EUR/USD at the 1.1650 level. That keeps near key near-term levels, with the 200-hour moving average seen at 1.1645 currently. As mentioned yesterday, the currency pair is now caught in between that and its 100-hour moving average of 1.1599 at the moment. That is seeing price action get more locked in awaiting further changes in trading sentiment.The dollar has weakened back as oil prices come off the boil. But after the Washington fiasco yesterday, traders are still reserving some caution amid trying to decipher the lies and deception in the headlines.The hourly chart better exemplifies the state of play in EUR/USD at the moment after the nudge higher late on Monday:As such, the option expiries above could act alongside the 200-hour moving average to keep price action more limited to the upside in European morning trade later. That unless dollar flows start to act up again as markets react to the US-Iran conflict. In that lieu, it’s all on prices as that is the tail wagging the dog in markets currently.So, just be wary of that as we look to the session ahead.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 1.1650, and here’s why that matters right now: With the 200-hour moving average at 1.1645, this level is crucial for short-term traders. A break below could signal further downside, while a bounce might attract buyers looking for a reversal. The pair’s current positioning suggests indecision, which could lead to increased volatility as traders react to any economic data or geopolitical developments. Keep an eye on the broader market sentiment, especially in relation to U.S. economic indicators, as they could sway the dollar’s strength and impact EUR/USD. Also, with the eurozone facing its own economic challenges, any negative news could amplify selling pressure. On the flip side, if EUR/USD manages to hold above 1.1650, it could pave the way for a rally towards 1.1700. Watch for any shifts in momentum indicators or news that could trigger a breakout. Overall, this is a pivotal moment for the pair, and traders should be prepared for potential swings.
đź“® Takeaway
Monitor the 1.1650 level closely; a break below could lead to further declines, while a bounce might signal a rally towards 1.1700.
