EUR/USD still refusing to reclaim 1.12 and this might be the reason

As the European morning further unfolds, the EUR/USD has continued to refuse a move above the 1.12 handle. The high seen remains as it was earlier, at 1.1199. In fact, the Euro is just now edging a little lower, following repeated attempts to take out the current 2024 high, at 1.1202. There is something to note here on this. There is a touted 3 billion Euro option expiry set for later today (at 2pm GMT) between 1.1200 and 1.1210 and it could be there are orders to sell the Euro just ahead of the level and that has capped the topside this morning. The rebound in the USD/JPY to above 144 again, since the last update here noted its recovery, has clearly hampered the topside on the EUR/USD too. So, it might be; that we have to wait to see how the price action in that pair evolves later today, (perhaps once that Euro option expiry has been and gone too) to see if the EUR/USD can get to set a new 2024 high ahead of the close this evening. The EUR/USD is currently trading at 1.1184