EURUSDEuro / US Dollar
1.1654
+0.31%
SUPPORT:1.15971.1541
RESISTANCE:1.1711.1767
Past
What happened
EUR/USD bounced to 1.1654 (+0.31%) as the dollar slipped on Hormuz ceasefire optimism, even after US strikes complicated the picture. Range traded tight all session as traders weighed conflicting Iran headlines.
Why
Why it matters
Euro is the cleanest dollar-funded carry when oil-driven dollar strength fades. With DXY at 98.99 and US10Y near 4.46%, the relief rally favors EUR over higher-beta crosses while geopolitical resolution remains uncertain.
Watch
What to watch
EU CPI flash print tomorrow is the main catalyst — ECB pricing still hinges on services inflation stickiness. 1.1700 caps upside; a clean Hormuz deal headline could push there. Loss of 1.1600 reopens 1.1550.
HEADLINES
- Treasury Yields, Dollar Recover as U.S.-Iran Deal Fails to MaterializeThe Wall Street Journal
- Dollar Falls as Crude Oil RetreatsBarchart
- Dollar climbs as US strikes on Iran dent ceasefire optimismReuters
- Yen ‘Grossly Undervalued’ Versus Dollar, Should StrengthenThe Wall Street Journal
- Dollar drifts lower as oil falls on Hormuz deal optimismReuters