FX.co ★ berta.hill | EUR/USD

Trump has started a war against Iran again, meaning another escalation of the conflict. Against this background, we are seeing a noticeable bearish impulse in the price of EUR/USD at this hour. But the market is more or less used to such events. Now we are waiting for the release of US inflation data in an hour. This indicator could lead to a really strong movement. If the decline continues, I expect a breakthrough below 1.1500 and a price drop to 1.1450, where buying opportunities will be interesting. In case of an increase, I expect to see the price reach 1.1610, or maybe even 1.1635. Only then can we consider opportunities to sell the instrument. For now, we wait.