EUR/USD - Rising Geopolitical Risks, Boost Dollar

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EUR/USD - Rising Geopolitical Risks, Boost DollarEuro vs. US DollarFX:EURUSDKABHI_TA_TRADINGEUR/USD remains under bearish pressure after failing to sustain gains above the major Fibonacci 0.618 retracement zone. Price has been repeatedly rejected from a strong supply area near 1.1475–1.1490, indicating that sellers continue to defend higher levels aggressively. In addition, ongoing geopolitical tensions surrounding the Strait of Hormuz have increased safe-haven demand for the U.S. Dollar, adding further downside pressure on EUR/USD. Unless buyers reclaim the resistance zone decisively, the pair may continue lower toward the next key support areas. EURUSD πŸ”΄ 1st Support : 1.1400 πŸ”΄ 2nd Support : 1.1370 🟒 Resistance Zone : 1.1475 – 1.1490 πŸ’‘ Fundamental Key Points & Live Headlines βœ… Safe-haven demand boosted the U.S. Dollar as uncertainty surrounding U.S.-Iran negotiations increased. βœ… Iran again threatened/maintained restrictions around the Strait of Hormuz, supporting oil prices and risk-off sentiment. ⚠️ Disclaimer : This analysis is for educational purposes only Support the idea πŸš€Boost | πŸ’¬ Comment | πŸ” Share | πŸ”ΈπŸ”Έ Charts Don’t Lie, Traders Don’t Quit πŸ”ΈπŸ”Έ