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Figure Heloc 
The EUR/USD pair trades broadly sideways around 1.1600 during the European trading session on Wednesday. The major currency pair consolidates as investors await Iran’s response to United States (US) President Donald Trump’s proposals of a month-long ceasefire and 15-point settlement plan.
💡 DMK Insight
The EUR/USD pair’s sideways action around 1.1600 signals indecision as traders await geopolitical developments. With the market holding steady, this consolidation phase could lead to volatility depending on Iran’s response to the US ceasefire proposal. If Iran reacts positively, we might see a bullish breakout, pushing the pair above key resistance levels. Conversely, a negative response could trigger a sell-off, testing support around 1.1500. Traders should keep an eye on economic indicators and sentiment shifts that could influence the pair’s direction. The current price action suggests a wait-and-see approach, but be ready for potential spikes in volatility as news breaks.
📮 Takeaway
Watch for EUR/USD to break above 1.1650 or below 1.1500 based on Iran’s response to US proposals.
