Sunday, May 24, 2026
EUR/USD trades near 1.1650 as bulls look to extends gains above 23.6% Fibo.
The EUR/USD pair opens with a bullish gap at the start of a new week as renewed optimism over a potential US-Iran peace deal weighs heavily on the safe-haven US Dollar. Spot prices climb back closer to mid-1.1600s during the Asian session, though the broader setup warrants some caution before positioning for an extension of a modest recovery from the lowest level since April 7, around the 1.1575 region.
$4000 at risk: Gold sellers refuse to give up amid hot US inflation, Mideast tensions
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