Bitcoin 
Ethereum 
Tether 
XRP 
BNB 
USDC 
Solana 
TRON 
Lido Staked Ether 
Figure Heloc 
The US Dollar (USD) reversed its four-day positive streak on Monday after markets assessed the United States (US) strike on Kharg Island, a strategic Iranian Oil outpost in the Persian Gulf, and warned that if Tehran continues to disrupt naval activity in the Strait of Hormuz, the US could target Oi
💡 DMK Insight
The USD’s reversal after four days of gains signals a potential shift in market sentiment. Traders are reacting to geopolitical tensions, particularly the US strike on Kharg Island, which raises concerns about oil supply disruptions. The Strait of Hormuz is a critical chokepoint, and any escalation could lead to increased volatility in oil prices, which often inversely affects the USD. Keep an eye on the correlation between crude oil futures and the USD, as a spike in oil prices could pressure the dollar further. Additionally, if tensions escalate, we might see a flight to safety, benefiting assets like gold and the Swiss Franc. For now, watch the USD’s performance against major pairs, particularly the EUR/USD and USD/JPY. Key levels to monitor include the recent support around 1.05 for EUR/USD and resistance near 150 for USD/JPY. If the USD breaks below these levels, it could signal further weakness, while a rebound could indicate resilience amidst geopolitical turmoil.
📮 Takeaway
Watch for USD movements against EUR and JPY; key levels are 1.05 support for EUR/USD and 150 resistance for USD/JPY.
