It looks like markets no longer appear to be taking Donald Trump entirely at his word after the US president claimed that “serious negotiations” with Iran are under way and that planned strikes have therefore been paused. Investors, however, remain unconvinced.
Euro: Retest of 1.1600 against US Dollar seen likely – ING
The Euro managed to break above the resistance level of the triangle formation to meet the first target at 1.8000. Resistance at 1.1800-35 caused a drop while supports at 1.1600 could create a trading zone.
Intraday analysis covering EURUSD, AUDUSD breaks higher, and UK100, focusing on short-term price action, key support and resistance levels, and intraday market momentum across major instruments. EURUSD hits support The Euro looks to claw back losses after sentiment shifted again across the market.
Euro: Downtrend versus US Dollar intact with key 1.1600 level – UOB
EUR/USD Price Forecast: 1.1655 acts as key barrier for Euro bulls
EURUSD is unfolding a corrective zigzag structure from the April 17, 2026 high. First, wave A ended at 1.1655, establishing the initial leg of the decline.
Euro weakens below 1.1650 as Iran uncertainty supports US Dollar
DXY breaks above $98.80 red MA with RSI climbing past 52 — Fibonacci resistance at $99.33–$99.66 now the critical zone for dollar bulls to clear.+
Euro: Bond sell-off weighs against US Dollar – ING
Looking at the 4-hour chart, the pair traded below a rising channel with support at 1.1720. The bears pushed the pair below 1.1620.
Highs for the EUR/USD last week occurred on Monday when the 1.17890 vicinity was traversed, but as the week moved on negative momentum overtook the currency pair, and it went into this weekend near lows around the 1.16250 ratio.