Dollar moves a bit higher
As Mike pointed out earlier, there is a huge amount of option expirees at the 1.0600 at 10 AM ET/1500 GMT. The 200 hour MA is at 1.0603 as well. The price of the EURUSD is down testing that level as more dollar buying enters the market on the back of higher bond yields and better US auto data. The selling is modest so far as that option expiration seems to be a big influence. Option sellers stand to gain the most when the option expires at the strike price. The may be going for the perfect landing.