Bitcoin 
Ethereum 
Tether 
BNB 
XRP 
USDC 
Solana 
TRON 
Lido Staked Ether 
Figure Heloc ING’s Chris Turner highlights that strong support just below 1.1500 in EUR/USD is increasingly at risk as elevated Oil prices hurt Europe’s terms of trade. Despite narrowing US–eurozone rate differentials, he sees only limited upside on any IEA-driven relief rally.
💡 DMK Insight
EUR/USD is teetering on the edge, and here’s why that matters: strong support near 1.1500 is under pressure due to rising oil prices impacting Europe’s economy. With the US-eurozone rate differentials narrowing, any potential relief rally driven by the IEA might not have the legs traders hope for. If oil prices continue to climb, the euro could weaken further, pushing EUR/USD below that critical support level. Traders should keep an eye on oil market dynamics, as a sustained rise could trigger a sell-off in the euro. Watch for a break below 1.1500, which could open the door to further declines, possibly targeting the next support levels. On the flip side, if oil prices stabilize or drop, we might see a temporary bounce in EUR/USD, but the upside seems limited given the current economic pressures. Monitor the upcoming economic indicators from both the US and eurozone for any shifts that could impact this dynamic.
📮 Takeaway
Watch EUR/USD closely; a break below 1.1500 could signal further declines, especially if oil prices remain elevated.
