Option expiries casting a shadow over EURUSD

Relatively large forex option contract expiries roll off today at 14.00 GMT

EURUSD has a total of $1.2bln expiring between 1.1150-60 and that's having an impact on price action today.

We've mostly been pinned around 1.1160-65 but that quick dip down to 1.1143 has been just as quickly bought into and we're back to, er, 1.1160.

Spooky coincidence or option expiries at play? You can decide but I'll go with the latter.

For more info on trading the expiries click here

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