Euro / U.S. Dollar
Short
Updated

EUR/USD - Rising Geopolitical Risks, Boost Dollar

2 824
EUR/USD remains under bearish pressure after failing to sustain gains above the major Fibonacci 0.618 retracement zone. Price has been repeatedly rejected from a strong supply area near 1.1475–1.1490, indicating that sellers continue to defend higher levels aggressively. In addition, ongoing geopolitical tensions surrounding the Strait of Hormuz have increased safe-haven demand for the U.S. Dollar, adding further downside pressure on EUR/USD. Unless buyers reclaim the resistance zone decisively, the pair may continue lower toward the next key support areas. EURUSD

🔴 1st Support : 1.1400
🔴 2nd Support : 1.1370
🟢 Resistance Zone : 1.1475 – 1.1490

💡 Fundamental Key Points & Live Headlines

✅ Safe-haven demand boosted the U.S. Dollar as uncertainty surrounding U.S.-Iran negotiations increased.

✅ Iran again threatened/maintained restrictions around the Strait of Hormuz, supporting oil prices and risk-off sentiment.

⚠️ Disclaimer : This analysis is for educational purposes only

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Now in good profit
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Present and Impactful Developments Today: (23.06.2026)

1.Fed Communication Shift Could Increase Volatility

Commentary from market sources highlights that the Federal Reserve under Chairman Kevin Warsh is shifting away from forward guidance, potentially leading to more volatile yield and FX moves.


2.Oil prices have fallen meaningfully on eased geopolitical risk, which can weaken commodity FX and reduce safe‑haven flows.

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Trade closed: target reached
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Target Reached with Good Profit

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