EUR/USD option expiries to anchor price on 19 October

Only one key expiry level stands out for today's session.

That expiry is for EUR/USD at 1.1200, where the strike is about 30 pips away from the current spot. If price action drifts lower during the session, these expiries might attract attention and could help anchor price around 1.1200 toward the cut.

However, broader market direction will mostly be set by Treasury yields and dollar sentiment. Therefore, expiries alone are unlikely to produce a sustained move.

Aside from that, today's board has little else, but a large expiry for EUR/USD at 1.1265 is worth watching. That level already has €4.1 billion in interest, making it sizable. So, the 1.1265 mark could become a focal point as tomorrow's cut approaches.

Yet, today's price action will first need to be observed, and that will likely hinge more on events in the bond market and overall dollar sentiment.