EURUSD Bearish as Middle East Tensions Support USDEUR/USDOANDA:EURUSDJoeChampionHey Traders, In today's trading session we are monitoring EURUSD for a selling opportunity around the 1.17100 zone. EURUSD is trading in a downtrend and currently is in a correction phase, with price approaching the **1.17100 support and resistance area**, which aligns with a key trendline resistance zone. From a macro perspective, the US Dollar continues to benefit from ongoing geopolitical uncertainty and persistent inflation concerns. Following another round of overnight developments involving the United States and Iran, markets remain focused on the risk of further escalation and its potential impact on global energy markets. As long as tensions remain elevated and there is no clear resolution regarding the Strait of Hormuz, inflation risks are likely to stay in focus. This supports higher interest rate expectations and continues to provide a strong fundamental backdrop for the US Dollar. At the same time, the Euro remains vulnerable as investors favor the safety and yield advantage of the dollar in the current environment. With EURUSD correcting into a key resistance zone within a broader bearish structure, rallies continue to look attractive for sellers. As long as price remains below the **1.17100 resistance zone**, the bearish structure remains intact, and we anticipate continuation toward lower support levels. Trade safe, Joe.