EUR/USD Pinned Near 1.1400 as Dollar Gains on Rising Yields

EUR/USD is gravitating toward the 1.1400 level during Tuesday's session, with a significant FX option expiry at that strike price anchoring price action around the figure level. Overnight dollar strength, driven by a push higher in US Treasury yields, has pulled the pair lower toward this key technical and options-related magnet. The 1.1400 expiry represents the largest notable option expiry for the July 22 New York cut, concentrating dealer hedging flows and limiting directional moves in the near term. Traders should expect price action to remain sticky around this level heading into the 10am ET expiry window, after which the pair may see increased volatility as the options-related gravitational pull dissipates. The rising yields narrative suggests ongoing repricing of Federal Reserve rate expectations, providing a modest tailwind for the greenback. Immediate support sits at 1.1400 with a break below potentially targeting 1.1370, while resistance is seen near 1.1430-1.1450. Post-expiry directional bias will likely depend on broader risk sentiment and incoming US data catalysts.