EUR/USD Holds Below 1.1550 MA as Dollar Dominates Ahead of ECB

EUR/USD is consolidating below the 100-hour moving average at 1.1550, with the 11 June option expiry at 1.1530 exerting little influence. The pair first faced a 1.1500 expiry floor on 8 June that failed to halt Friday's selloff, then encountered a 1.1570 ceiling reinforced by the 100-hour MA near 1.1580 on 9 June. Throughout the period, broader dollar strength driven by defensive risk sentiment and US-Iran conflict headlines has overshadowed technical levels. Traders now focus on the upcoming ECB policy decision rather than successive option expiries.