About $1.6 billion of EUR/USD options between 1.2715-25 roll off at the top of the hour but the latest wave of US dollar strength has pushed the pair down to 1.2708.

There is almost a $1b expiry at 1.2700 as well but there are rumors of stops below 1.2700. The next level of bids is 1.2685/80. And then 1.2652.

Other option expiries here.