By tredu.com • 6/20/2025
Tredu
The EUR/USD pair rallied above the psychological 1.1500 level, reaching 1.1520 during Friday’s Asian session. The move comes as the US Dollar weakens, likely due to a short-term correction rather than a fundamental shift.
Despite this retracement, the USD could rebound swiftly if geopolitical risks escalate, especially surrounding the US stance on Iran.
Citing The New York Times, US intelligence suggests Iran has not yet committed to nuclear weapons development, although its uranium stockpile is substantial.
US Senate Intelligence Committee Chair noted that President Trump will give Iran a final opportunity to negotiate before considering military action — a decision he plans to postpone for up to two weeks.
Adding support to the Euro, ECB President Christine Lagarde signaled that the current cycle of interest rate cuts may soon end, reinforcing bullish sentiment for the common currency.
Unlock the secrets of professional trading with our comprehensive guide. Discover proven strategies, risk management techniques, and market insights that will help you navigate the financial markets confidently and successfully.