FX.co ★ Trader's Diary: EUR/USD on 01/13/2019, Why there is no US - Iran war

USA - Iran.

As we recall, on January 3, the United States killed one of the most famous organizers of terrorist acts against the country itself - General Soleimani. This was through Trump's personal instructions.

Due to this, Iran has promised a violent retaliation. Trump, in response, threatened to destroy 52 objects that are significant to Iran.

Then all of a sudden, Iran launched a clearly weak attack and said that it was satisfied. The US, on the other hand, said they want negotiations.

And so, the war ended very quickly. Before it even started.

Why is that?

USA: The USA has no forces for a ground war against Iran which is a big country. There will be a lot of corpses on both sides. The United States is clearly not ready for a major war, and they do not need it. Trump, as well, does not need it due to the coming election year.

Iran: Iran would have fought with the United States if there were chances to cause serious damage to the United States. But this is unrealistic. If the United States has to fight, it's quite obvious that the United States will first destroy the Iranian air defense force and then destroy the entire Iranian economy as well as the oil fields. That way, Iran will hardly be able to answer.

Conclusion: War is not needed by either side. At least not for now.

EURUSD:

Consolidation continues at support 1.1100.

Or the euro will be able to overcome the resistance of sellers and move to 1.1205 - 1.1240 and up.

Or - breaking down 1.1180 and down.