That being for EUR/USD at the 1.1695-00 levels. Once again, the expiries here may limit price movements closer to the figure level in the session ahead. However, just be wary that the main driver of trading sentiment remains US-Iran headlines at this stage. So, that will be the bigger factor influencing price action if we are to see any notable headlines cross the wires today.

But considering the more tepid mood in Europe that we tend to see, the expiries could offer a bit part role in keeping a more muted range for EUR/USD before we get to US trading at least.

Besides that, month-end flows will also be a consideration in the sessions ahead. So, just be wary of that as we count down to a holiday-shortened week for European traders as well. A bit of a reminder that we will have the ECB policy decision tomorrow before most markets in Europe will be closed in observance of Labor Day.

Circling back to EUR/USD, the more important floor level at the moment remains the 200-day moving average at 1.1675. Meanwhile, the short-term ceiling is seen at the 200-hour moving average around 1.1734 currently. So, that is keeping price action more locked in as well awaiting a clearer catalyst from US-Iran developments.

For now, it seems that talks are still gridlocked with both sides not wanting to see eye to eye. US president Trump is even threatening an “indefinite blockade” as he tries to spin the notion that he is the one in charge of the Strait of Hormuz now. Go figure.

For more information on how to use this data, you may refer to this post here.