🔶 Short-Term EUR/USD Update
👉 EUR/USD remains under pressure below the 1.1700 level during Tuesday’s European trading session. The US Dollar is regaining its safe-haven appeal amid renewed concerns over a potential violation of the ceasefire agreement between the US and Iran, as tensions around the Strait of Hormuz escalate once again.
👉 The rebound in the USD, combined with risk-off sentiment, continues to weigh negatively on the currency pair.
📌 Personal View:
👉 EUR/USD is still maintaining its bearish structure on the 4H timeframe.
The pair is likely to remain stable around the 1.1700 area while markets await today’s key US economic data.
👉 At the same time, the renewed strength of the US Dollar could make it difficult for the euro to push significantly higher, keeping the pair trapped within its current trend range ahead of the news release.
Resistance zones: 1.1710 ; 1.1760
Support zones: 1.1660 ; 1.1620
Wishing you a successful trading day ✨
👉 EUR/USD remains under pressure below the 1.1700 level during Tuesday’s European trading session. The US Dollar is regaining its safe-haven appeal amid renewed concerns over a potential violation of the ceasefire agreement between the US and Iran, as tensions around the Strait of Hormuz escalate once again.
👉 The rebound in the USD, combined with risk-off sentiment, continues to weigh negatively on the currency pair.
📌 Personal View:
👉 EUR/USD is still maintaining its bearish structure on the 4H timeframe.
The pair is likely to remain stable around the 1.1700 area while markets await today’s key US economic data.
👉 At the same time, the renewed strength of the US Dollar could make it difficult for the euro to push significantly higher, keeping the pair trapped within its current trend range ahead of the news release.
Resistance zones: 1.1710 ; 1.1760
Support zones: 1.1660 ; 1.1620
Wishing you a successful trading day ✨
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