FX option expiries for 28 February 10am New York cut ...Middle East

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The first ones are for EUR/USD sitting close to the 1.0400 level. The failure to get above 1.0500 is now seeing sellers run price action the other way on the week, helped by a stronger dollar after Trump's latest tariffs theatrics. In any case, the expiries could help to lock price action a little and keep a lid on any bounce before we get to US trading today.

As an aside, just be wary that month-end flows are still in play. From before: Month-end flows to favour the dollar - Deutsche

here.

This article was written by Justin Low at www.forexlive.com.

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