As previously highlighted, there are a number of large options expirations to consider on the EUR/USD pair. bold.
The majors relative to the current spot price are layered between 1.0500 and 1.0575, but these are sandwiched between some of the larger ones such as 1.0470-75 and 1.0630-35. So keep this range in mind for any extensions in price movement during the day. Otherwise, we could see EUR/USD remain stuck in a tighter range and have a larger pull at 1.0515-20 to limit potential downside before moving lower later in the day.
All this being said, the key to trading sentiment right now is developments in the bond market. For now, the decline has calmed, but heavy selling, as has been the case for several weeks, tends to affect only US trade. And this could once again trigger a reversal that will help the dollar strengthen later today. This is still the number one driver for me right now.
For more information on how to use this data, you can refer to the article here.