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FX.co ★ Trader's Diary: EURUSD on 01/07/2019, US - Iran War Risk Remains Major Topic

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Forex Analysis:::2020-01-07T09:00:36

Trader's Diary: EURUSD on 01/07/2019, US - Iran War Risk Remains Major Topic

 Trader's Diary: EURUSD on 01/07/2019, US - Iran War Risk Remains Major Topic

The main focus of the attention of the markets remains on the growing tension between the US and Iran, which arose after the assassination of a prominent Iranian General by US forces. This was said to be done on Trump's personal instructions.

Iran has promised vengeance towards the United States, and in response, Trump said the United States has a list of 52 targets in Iran to strike in the event of attacks from Iran. Over the past day, Iranian officials have said they are considering 13 options for a retaliatory strike against the United States, and that "even the weakest answer would be terrible for the United States."

This means that there is a real chance of a major US-Iran conflict in the coming weeks.

In addition, the market is preparing for US employment data on Wednesday and Friday.

EURUSD:

The euro still holds the state of growth, although it stopped the movement.

Possible purchases from 1.1180 and further on the breakout of 1.1240.

Sales are possible from 1.1120.

Analyst InstaForex
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