EUR/USD option expiries at 1.1400 level may influence price action
The EUR/USD currency pair has an option expiry at the 1.1400 level.
This expiry could act as a magnet for price action, especially with trading sentiment shifting towards the US CPI report later in the day.
The dollar has been underpinned by the latest US-Iran developments, but this has not translated to significant EUR/USD downside.
The expiries may limit price action for the session ahead, particularly keeping any potential upside extensions in check until the US inflation data is released.