EURUSD is still holding above the Intraday support at 1.1380 as traders await the U.S inflation data today. Traders need to watch the support of 1.1380 as the market still has a chance to move higher.
Escalating tensions between the US and Iran have once again pushed crude oil prices higher, providing further support for the US dollar. The greenback has performed particularly well against lower-yielding currencies, such as the Swiss franc, as investors seek both safety and higher returns while reassessing the inflation outlook.
Euro rises against US Dollar as latter corrects ahead of US CPI data
EURUSD (The euro) sees limited pullback EURUSD (The euro) continues to retreat after failing to break back above the recent high, which saw prices push towards a fresh peak. The pair bounced off the support zone at 1.1380 as the RSI bounced away from the oversold region.
EURUSD maintains an incomplete bearish sequence from the January 27, 2026 peak, leaving room for further downside. The projected target zone is defined by the 100% to 161.8% Fibonacci extension from the January 27 high, which falls between 1.076 and 1.117.
Meta: US dollar remains supported by hawkish Federal Reserve expectations, with traders focused on US CPI data and Fed commentary for the next directional move.
Euro slides as Waller warning, Iran strikes lift US Dollar
Energy prices are once again setting the tone for currency markets, with the renewed tensions in the Middle East reinforcing.
EUR/USD opens the week around 1.1433. Investors continue to assess the situation in the Middle East, where uncertainty remains high.
Summary:EUR/USD has slipped as renewed US-Iran tensions strengthened safe-haven demand for the US dollar and pushed Treasury yields higher. A break below 1.1370 could expose the pair to 1.1350 and 1.1300, while recovery attempts remain capped near the 1.1475 to 1.1500 area.
EUR/USD and Gold price outlook ahead of US CPI and amid re escalating Hormuz tensions. Key technical levels, patterns, and c.
Euro: Range trading with downside risks against US Dollar – UOB