Looking at how to trade the euro at the moment off the back of geo-political tensions in Ukraine and also the European Central Bank news conference? London-based trader Ian Coleman mainly plans to "buy dips and play the euro from the downside". He thinks we should see a move back up to 1.3440 level after ECB President Mario Draghi's comments on interest rates.

Another big factor driving the euro – and all currencies for that matter – are the tensions in Ukraine and Russia. Russia is imposing a "full embargo" on food imports from the EU, US and some other Western countries, in response to sanctions over Ukraine.

Ian explains that we tend to see aggressive moves in currency pairs over geo-political tensions but says that markets then calm down and recoil, meaning we then see a retracement in a lot of the indices. He adds that Russia "won’t show" more aggression over the next two weeks and as a result markets should calm.

When it comes to trading EURUSD, Ian says you can either chose to wait for a 1.3425 close on Thursday and then look to buy into dips in the days ahead, or alternatively play it short term - which would mean a move towards 1.3444 and then  buy into dips around 1.3375.