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fxJul 9, 2026, 2:01 AM

Euro Holds Positive Bias Above 1.1400, Mideast Tensions Cap Gains

The EUR/USD pair attracts buyers for a second straight day but remains range-bound near 1.1400 as geopolitical tensions limit upside momentum.

EURUSD

The euro maintained a positive bias against the dollar during Asian trading, holding above the 1.1400 level for a second consecutive session. However, buyers failed to generate sustained momentum, with the pair stuck within the previous day's range.

Market participants point to ongoing Middle East tensions as a key factor capping gains in risk-sensitive currencies like the euro. The cautious mood keeps EUR/USD from breaking higher despite the underlying bid.

Traders now await fresh catalysts, with next support and resistance levels likely determined by broader risk appetite and any developments in the geopolitical landscape.

Source: FXStreet Forex News