FX option expiries for 29 May 10am New York cut

FX option expiries for the 29 May 10am New York cut show notable contracts for EURUSD at 1.1600 and 1.1650. These expiries could act as magnets or caps on EURUSD intraday moves—especially the 1.1650 level—potentially limiting volatility around those prices. However, the piece stresses that broader dollar sentiment and headline risks, particularly news around a potential US‑Iran deal and month‑end flows, are likelier to drive price action and can override the expiries’ influence. Traders should treat the expiries as a possible short‑term technical drag rather than a dominant market force ahead of key headlines.