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fxJul 20, 2026, 4:32 AM

Euro May Slide to 1.1350 on US-Iran Conflict Risks

A morning briefing warns that the euro could weaken toward 1.1350 as escalating US-Iran tensions may boost the dollar index above 101, pressuring major currencies.

EURUSDDXY

A morning market briefing suggests the euro may decline toward the 1.1350 level against the US dollar. The potential move is attributed to rising risks of an escalating US-Iran conflict, which could support the Dollar Index in holding above the 101 mark and moving higher in the near term. Should the dollar strengthen, other major currencies are likely to weaken against it.

The briefing does not provide a specific timeline or additional catalysts, but the geopolitical backdrop is cited as a key factor for the dollar's resilience. Traders are advised to monitor developments in US-Iran tensions for further directional cues.

Source: FXStreet Forex News