FX.co ★ EUR/USD

Hello traders. The markets once again reacted to Trump's words. His sharp statements about a possible conflict with Iran sowed panic among investors, who rushed to seek refuge in the dollar, considering it a more reliable asset. Against this backdrop, EURUSD collapsed during the Asian session, demand for the dollar surged, and oil prices rose, hinting at inflation growth and a delay in interest rate cuts in the USA. The price reached the range of 1/2 zone 1.15186–1.15078. If a clear reversal pattern forms, entering a long position with the first target at the level of 1.15985 and a further target in the full margin zone of 1.16589–1.16805 is possible. In case of further decline and the daily candle closing below the mentioned zone, priority is given to selling.