There is just one to take note of on the day, as highlighted in bold below.That being for EUR/USD at the 1.1525 level. It’s not one that ties to any technical significance but could just play a part in holding price action a little, though the downside momentum since last week remains very much intact. As such, I don’t see the expiries having all too much impact especially with the risk mood looking fairly nervous and defensive ahead of European trading today.The rejection of the 100-day moving average continues alongside the break of the October low of 1.1542, allowing for the downside momentum to stretch further for now. The end July lows near 1.1400 will be a key target to watch on any continuation of that.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 1.1525, and here’s why that matters right now: While this level doesn’t have strong technical significance, it could act as a psychological barrier for traders. The recent downside momentum suggests that sellers are still in control, and if the pair breaks below this level, we could see a swift move toward lower support levels. Keep an eye on broader market sentiment, especially with upcoming economic data releases that could influence the Euro or the Dollar. If the pair fails to hold at 1.1525, it might trigger stop-loss orders, leading to increased volatility. On the flip side, if we see a bounce off this level, it could indicate a temporary retracement, but traders should be cautious about getting too bullish without confirmation. Watch for any shifts in momentum indicators or news that could impact the Eurozone or U.S. economic outlook, as these could provide clearer signals for positioning in the coming days.
đź“® Takeaway
Watch the 1.1525 level closely; a break below could accelerate downside momentum, while a bounce might signal a short-term retracement.






