There are just a couple to take note of on the day, as highlighted in bold below.
There are just a couple to take note of on the day, as highlighted in bold below. They are for EUR/USD at the 1.1760 and 1.1790-00 levels.
The currency pair has been looking a little heavier since overnight trading, as the risk mood retreats slightly as US-Iran developments continue to hit a roadblock. The expiries now tie closer to the 200-hour moving average at 1.1760 currently and also some short-term daily resistance at the 1.1800 mark. While significant, I wouldn’t expect all too much impact from the expiries in dictating price action for the most part.
As things stand, trading sentiment is riding heavily on the dollar mood and risk climate. And we can see from just a little headline here how markets can be a little jumpy already, even if it might have been a rehash of one many hours ago. So once again, headlines risks are paramount in this kind of trading environment.