EURUSD capped by large option expiry at 1.1950-1.1960
1.1 billion rolling off at the NY cut
With US PCE data expected to come in hot this option expiry should contain prices heading into the data release early in the US session. Sellers favoured into the release as the USD strength will drag EURUSD lower. All bets off for the release, but remember where the option expory level is.