$EUR /USDT long liquidations of 1.0404k indicate that approximately 1,040 EUR worth of long positions were liquidated
This typically occurs when the price of the EUR drops below levels where traders holding long positions had their stop-loss orders or margin requirements triggered
For trading insights
1 Trend Analysis This could signal bearish pressure in the EUR market
2 Liquidity Zones The liquidations might occur near key support levels which could either break or reverse
3 Market Sentiment Consider monitoring overall sentiment in the forex market and related economic indicators