There is just one to take note of on the day, as highlighted in bold below.
That being for EUR/USD at the 1.1800 level. The expiries keep nearby the confluence of the key hourly moving averages, seen at 1.1795-00 currently. As such, that might at least help to keep price action more locked in around the figure level in European morning trade. That at least until we get to US trading and the expiries roll off.
The only real risk in the session ahead would be from euro area CPI data, in which we will see the likes of France, Spain, and Germany all reporting. So barring any surprise headlines on geopolitics and trade, that will be the only focus. If there aren’t any major outliers in the data, price action might well remain more muted in sticking to the expiries level above.
Besides that, just keep in mind that month-end flows are also in consideration. But personally, I’d eye any moves closer to the London fix to be more certain of the impact of that towards price action on the day. Just something to be watchful about.
For more information on how to use this data, you may refer to this post here.
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