The EUR/USD pair falls to near 1.1770 during the early Asian session on Monday, pressured by a renewed US Dollar (USD) demand. The Greenback gathers strength against the Euro (EUR) as the conflict across the Middle East is heightening traders’ anxiety, boosting the safe-haven currencies.
💡 DMK Insight
The EUR/USD drop to around 1.1770 highlights a critical shift in market sentiment driven by geopolitical tensions. As the US Dollar gains traction, traders should note that safe-haven assets are in demand, which could lead to further declines in the Euro. The heightened anxiety from the Middle East conflict is likely to keep the USD strong, especially if economic data from the US continues to outperform expectations. Watch for key support levels around 1.1750; a break below could trigger more selling pressure. Conversely, if the Euro manages to hold above this level, it might indicate a potential rebound, but that seems less likely in the current climate. Keep an eye on upcoming US economic indicators, as they could further influence the USD’s strength and the EUR/USD trajectory.
📮 Takeaway
Monitor the 1.1750 support level in EUR/USD; a break could signal further downside as USD demand rises amid geopolitical tensions.





