Large FX option expiries at key levels could temporarily stabilize currency pairs before broader trends resume.
EUR/USD faces notable option expiries at 1.1600 and 1.1650, levels that lack technical significance but may curb selling pressure early in the week. The pair broke below its 200-day moving average, shifting momentum to sellers, though bids near 1.1600 could slow declines. Risk sentiment remains defensive, adding downward pressure on the euro.