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fxJul 13, 2026, 4:10 AM

EUR/USD Eyes 1.1350-1.1300 as Dollar Strengthens on US-Iran Tensions

The dollar strengthened over the weekend after fresh US-Iran attacks and Iran's threat to close the Strait of Hormuz, pressuring EUR/USD to test 1.1350-1.1300 support.

EURUSDDXY

Geopolitical tensions between the US and Iran escalated over the weekend, with fresh attacks reported and Iran threatening to close the Strait of Hormuz. This drove safe-haven demand for the US dollar, weighing on major currency pairs including EUR/USD.

Analysts expect the Dollar Index to trade in a range of 100.40–102 in the coming sessions. For EUR/USD, a break below current levels could open the door to a test of the 1.1350–1.1300 support zone.

Traders are monitoring further developments in the Middle East, as any disruption to oil shipments via the Strait of Hormuz could fuel risk aversion and further dollar strength.

Source: FXStreet Forex News