EUR/USD Price Outlook: Remains under pressure below the mid-1.1400s after failing to break past the 200-SMA on H4
The EUR/USD pair declined for a consecutive day on Friday, driven by renewed inflation worries linked to energy prices. This scenario has fueled speculation about a possible rate hike from the US Federal Reserve, thereby bolstering the US dollar amid escalating tensions with Iran. Currently, spot prices are around 1.1435, but the absence of significant […]
Euro remains steady under mid-1.1400s as Hormuz concerns strengthen demand for safe-haven USD
The EUR/USD pair began the week rather quietly, hovering in a limited range below the mid-1.1400s during the Asian session. Nevertheless, current levels are close to last Thursday’s high, which was the strongest in nearly two weeks, despite a mix of economic signals. Tensions in the Strait of Hormuz remain elevated, as Iran aims to […]