Earlier today, we saw some headlines that Pakistan may announce later that talks between Iran and the US will resume. Apparently, Iran's finance minister Abbas Araghchi is set to visit to Pakistan.
EUR/USD shrugs off the risk-off mood and weak data, pops up above 1.1700
EUR/USD trades flat below 1.1700 before entering into central banks' policies week
The EUR/USD hit a recent two-month high of 1.1849 printed on last Friday, 17 April 2026, and turned soft due to the stalled second round of US-Iran peace talks, where it declined by 1.5% to hit a low of 1.1669 on Thursday, 23 April 2026.
The euro remains under pressure, extending its corrective decline following the previous impulsive rally. Market participants are taking profits and trimming positions ahead of key macroeconomic releases, reducing demand for the single currency and keeping both pairs near important levels, with the potential for increased volatility.
EUR/USD: Downside risk hinges on 1.1665 break – UOB
EUR/USD has pulled back 1.5% from its recent high amid renewed US–Iran tensions and a stronger US dollar, but key support at 1.1665/1.1635 is now in focus for a potential rebound. A steepening Eurozone–US rate spread suggests improving euro fundamentals, while technical signals, bullish divergence, and support at major moving averages, point to upside potential.
EUR/USD Price Forecast: Struggles below 1.1700 as bears await 200-EMA breakdown on H4
Current Setup and Live Chart The EUR/USD finds itself in the middle of a USD bid this Thursday, as new worries about the energy shock drives risk-off sentiment and a flight to safety. The Euro has dipped to 10-day lows versus the greenback, as the geopolitical tensions in the Middle East drove oil prices back above $100 per barrel.
When is the US flash S&P Global PMI for April and how could it affect EUR/USD?
EUR/USD has declined steadily, falling to 1.1688 on Thursday. The US dollar has returned to ten-day highs amid a lack of progress in US-Iran peace talks, boosting demand for the currency as a safe-haven asset.
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.