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fxJun 29, 2026, 12:48 AM

EUR/USD Extends Rally to Third Session Near 1.1390 as Geopolitical Risks Loom

EUR/USD continues its upward trend for a third consecutive day, trading near 1.1390 during Asian hours. However, gains may be capped by safe-haven demand for the US dollar amid uncertainty surrounding US-Iran talks.

EURUSD

EUR/USD has maintained its upward momentum for a third consecutive session, with the pair trading near 1.1390 during Monday's Asian trading hours.

Despite the positive streak, the euro's gains could face headwinds. Geopolitical uncertainty stemming from US-Iran talks may trigger a flight to safety, which typically boosts the US dollar and weighs on the single currency.

Source: FXStreet Forex News