EUR/USD options expiring at 1.1575 may cap upside as traders eye Wednesday’s US CPI report and geopolitical risks.
EUR/USD faces resistance from 1.1575-level option expiries, sitting just above the 100-day moving average at 1.1567. The expiries add a layer of technical interest, potentially limiting upward moves ahead of Wednesday’s US inflation data.
The 100-day moving average has acted as a key barrier, capping gains after last week’s US jobs report. With a light economic calendar today and tomorrow, focus remains on Wednesday’s CPI print and Middle East tensions, particularly US-Iran dynamics near the Strait of Hormuz.
Markets are likely to stay cautious as traders await inflation data, which could influence Federal Reserve policy expectations. Geopolitical uncertainty may further dampen risk appetite in the near term.