FX.co ★ EUR/USD

Geopolitical tensions in the Middle East traditionally lead to an increase in energy prices and amplify market turbulence. This is particularly felt in Europe, where high dependence on energy imports puts pressure on the euro. In such uncertain conditions, investors tend to shift capital to safe-haven assets, supporting the dollar. Historically, this results in a weakening of the EURUSD pair, with the dollar strengthening against the euro. However, despite these fundamental factors, this week I consider the possibility of an upward movement of the euro aiming to reach the full margin zone of 1.16266–1.16482. It is likely that at the opening of trading, the price will immediately move upwards towards the full margin range of 1.16266–1.16482, or we may see a gap. In case of a correction, buying will be relevant in the price range of 1.15150-1.14660.