EURUSD Sticks Near 1.1600 as June 5 Expiries Reinforce Floor

On 5 June, EURUSD holds steady around the 1.1600-1.1615 zone as layered expiries between 1.1575 and 1.1650 act as a short-term anchor. The pair has advanced sharply from the 1.0820 area on 1 June, where strikes clustered at 1.0800-1.0850, to the current 1.1600 region by 3 June. Successive daily expiries at 1.1600-1.1625 have supplied intraday support but failed to generate strong directional conviction amid US-Iran geopolitical caution and firmer dollar flows. Option hedging remains secondary to headline risk through the New York cut.