EUR/USD is showing signs of exhaustion, unable to rally on the usual risk-on psychology. Firmer US bond yields are supporting the greenback at the moment (particularly against the JPY which is above 91.50).
EUR/USD has dipped to 1.4560 thus far before bouncing, supported by options-related buying. That buying will dry up over the next 60 minutes after the 14:00 GMT expiry.
The 1.4520 level is key in th near-term, followed by the 1.4460 level. We would expect stops below each of those levels but larger ones from long and medium-term players below 1.4450.
EUR weakness is helping prompt some profit-taking in EUR/GBP after a strong rally earlier in the session. 0.8840 is first support.