Short-term momentum is bullish: longer-term trend is mixed.
- The de-escalation of US-Iran tensions reduces USD safe-haven demand, supporting EURUSD.
- Fed risk & Iran deal risk: A hawkish Federal Reserve could reverse #USD weakness quickly.
- Secondary risks include Iran deal setbacks or failure to hold above the key level 1.1600.
- High volatility expected this week due to Fed and Iran developments.
