EUR 1.1400 and GBP 1.3350 option expiries today could limit sharp moves in both currency pairs amid thin trading activity.
EUR/USD and GBP/USD face option expiries at 1.1400 and 1.3350, respectively, which may act as support or resistance in today’s session. The expiries lack technical significance but could deter extended moves as liquidity remains low ahead of the New York cut at 10am ET.
Earlier, EUR/USD tested the 1.1400 level before rebounding slightly, while GBP/USD struggled near its daily moving averages around 1.3400. With few catalysts on the agenda, dollar sentiment driven by US-Iran headlines remains the primary market driver.
The expiries may reinforce existing bids near 1.1400 for EUR/USD and cap upside momentum for GBP/USD, particularly as broader risk sentiment dictates direction.