ING: If the US-Iran standoff continues, EUR/USD risks breaking below key support levels

(1) Francesco Pesole of ING Group stated in a report that if the deadlock between the United States and Iran persists, the euro risks breaking below a key support level against the dollar. (2) He said that recently, when the euro falls towards the $1.1580 to $1.1590 range, investors tend to buy the euro, but this support level may be broken. (3) He indicated that the euro might drop below $1.1500 before rebounding, but intraday trading remains highly dependent on news regarding the Iran conflict. (4) The euro fell by 0.1% to $1.1611, after touching a one-week low of $1.1584 earlier.