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Figure Heloc 
There are a couple to take note of on the day, as highlighted in bold below.The first ones are for EUR/USD at the 1.1600-10 region and also the 1.1635 level. Now, the expiries are a little bit further away from the current spot price – especially the larger ones. But with the US-Iran truce looking ever so fragile, the narrative in the past day can easily reverse course on any major headline developments.And if not, even just something as simple as markets getting nervous with there being no major changes to the Strait of Hormuz situation despite the ceasefire.The dollar managed to claw back some losses already, with EUR/USD keeping below the confluence of the key daily moving averages in the region of 1.1672-86. Hold below that and sellers will stay in it with a shout, allowing for a potential push back towards 1.1600 around the expiries. So, just be wary of how dollar and risk sentiment will twist and turn in the session ahead. That will determine if the expiries might see any impact later today.Then, there is one for AUD/USD at the 0.7050 level. I wouldn’t pin too much importance on the expiries for this one even if they are sticking close to the spot price. As things stand, dollar sentiment and the overall risk mood remain the two bigger drivers of momentum. So, that will have a bigger influence on price action first and foremost. Only after factoring that in, can we really tie the potential impact of the expiries to any market moves.For now, AUD/USD is flattish around 0.7040 levels but I wouldn’t expect that to stick for too long in European trading later.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 flirting with key levels, and here’s why that matters right now: The 1.1600-10 region is crucial for traders, acting as a potential support zone. If the pair holds above this level, we might see a bullish push towards 1.1635, which could trigger further buying interest. However, if it breaks below 1.1600, expect increased selling pressure, potentially dragging the pair lower. With expiries further out, market participants might be positioning themselves ahead of these levels, creating volatility in the short term. Keep an eye on how the market reacts around these thresholds, as they could dictate the next move for EUR/USD. Also, consider the broader context: if the dollar strengthens due to economic data or Fed signals, it could weigh heavily on EUR/USD, making these levels even more critical. Watch for any significant news releases that could impact the dollar, as they might lead to rapid shifts in sentiment and price action.
đź“® Takeaway
Monitor the 1.1600-10 support and 1.1635 resistance levels for EUR/USD; a break below 1.1600 could signal further downside.
