Article details
The EUR/USD pair remains flat near 1.1540 during the Asian session as traders assess geopolitical risks tied to the Strait of Hormuz and await key U.S. economic data. Tensions between the U.S. and Iran over the critical oil chokepoint have kept risk appetite subdued, limiting the euro’s movement against the dollar. The pair’s consolidation reflects a balance between geopolitical uncertainty and lack of immediate catalysts. The upcoming U.S. Durable Goods Orders and ADP Employment reports later Tuesday could introduce volatility if they deviate from forecasts. Traders are also monitoring President Trump’s deadline for Iran, which could escalate tensions and impact energy markets. For now, the EUR/USD remains range-bound, with 1.1540 acting as a key support/resistance level. Market participants should watch for shifts in risk sentiment and potential central bank interventions.
