There are just a couple to take note of expiries to take note of for today, as highlighted in bold below.
They are both for EUR/USD at the 1.1600 and 1.1650 levels. Much like yesterday, the expiries today are likely to also serve as points of interest to keep price action more locked in. That as traders continue to focus more heavily on US-Iran developments in the meantime.
In that lieu, dollar sentiment and the overall risk mood are arguably stronger drivers of price action than the expiries would be. That in the sense that any headlines will be able to trigger more influential movements in dollar pairs and ultimately for EUR/USD as well.
As some of the optimism from yesterday pulls back, that is keeping price action in check and allows for a chance for the expiries to have more of a role in pinning price action between the 1.1600 and 1.1650 levels in the session ahead.
But for the bigger picture today, it’s still all on US-Iran headlines and whether or not we will see a “deal” announced. While it may sound optimistic, there very well could be a chance for a buy the rumour, sell the fact play in markets.
For more information on how to use this data, you may refer to this post here.
