That being for EUR/USD at the 1.1600 level. It’s a modest-sized one but not likely to factor much into play in the day ahead. As things stand, headline risk is everything in markets.

US president Trump dropped a bombshell on markets yesterday and since then, it’s been rather chaotic. The general sentiment in major currencies is now driven by broader dollar sentiment, which is in turn driven by the overall risk mood. So, that is the biggest driver of trading sentiment right now.

The dollar is recouping some losses today as market jitters start to creep back in. That’s keeping EUR/USD pinned down to 1.1585 at the moment. I wouldn’t expect the expiries to have too much pull factor on a day/week like this. So, price action will be more heavily influenced by dollar sentiment more so than any potential pull from the expiries above.

Looking to European trading, be wary of the tail end of the session. When Trump wakes up, we might be in for another roller coaster ride.

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!