EUR/USD continues to find buyers on dips amid reports of central bank buying as well as options related- interest. Typically when we have large options rolling off the books close to market prices, activity tends to gravitate toward the strike price. That is because options are an all-or-nothing proposition. They are either in the money or out of the money so, so investors must actively manage their books as price dip and and out of the money.
If present trends persist, I would guess we will see some downward pressure on EUR/USD after the expiry as the reflation trade suffers a set-back and risk aversion rises. We trade now at 1.4185.