Technical levels suggest potential moves for the Dollar Index and EUR/USD amid geopolitical tensions and ECB policy watch.
The Dollar Index is testing the 101 level, with a break potentially lifting it to 101.50-102, while failure could pull it back to 100.50. EUR/USD remains near 1.1400, with traders eyeing a possible bounce from this level.
Safe-haven demand driven by US-Iran tensions and oil-linked inflation risks continues to support the dollar. The upcoming European Central Bank meeting is a key focus for EUR crosses, adding to market uncertainty.
No immediate market reaction was specified, but traders are closely monitoring these technical and geopolitical developments.