{"id":44210,"date":"2026-04-06T23:18:20","date_gmt":"2026-04-06T23:18:20","guid":{"rendered":"https:\/\/www.vtmarketsglobal.com\/en\/uncategorized\/44210\/"},"modified":"2026-04-06T23:18:20","modified_gmt":"2026-04-06T23:18:20","slug":"with-iran-ceasefire-hopes-rising-eur-usd-trades-near-1-1570-as-the-us-dollar-weakens","status":"publish","type":"post","link":"https:\/\/www.vtmarketsglobal.com\/en\/live-updates\/44210\/","title":{"rendered":"With Iran ceasefire hopes rising, EUR\/USD trades near 1.1570 as the US Dollar weakens"},"content":{"rendered":"EUR\/USD traded near 1.1570 on Monday as the US Dollar lost support from safer-market demand. Ceasefire hopes around the Iran conflict reduced the need for defensive positioning.\n\nDiplomatic efforts, said to involve regional intermediaries, helped calm markets and eased concerns about the Strait of Hormuz. This offset earlier demand for the Dollar and limited further USD gains.\n\n

Geopolitical Risks And Market Sentiment<\/h3>\nPresident Donald Trump warned that if the Strait of Hormuz is not reopened by his Tuesday deadline, there would be severe consequences. He also threatened to destroy Iran\u2019s power plants and bridges.\n\nUS data also weighed on the Dollar. The ISM Services PMI eased to 54 in March from 56.1 in February, below forecasts of 55.\n\nOn the 4-hour chart, EUR\/USD was around 1.1555, holding above the 20-period SMA and testing the 100-period SMA area. The 20-period SMA turned up above 1.1540, while the RSI near 54 stayed above 50.\n\nSupport levels are 1.1538, then 1.1518 and 1.1506. Resistance is at 1.1571, with a move above it pointing to further gains.\n\n

Looking Back To Early 2025<\/h3>\nWe saw a similar dynamic play out in early 2025, where hopes of a ceasefire temporarily weakened the US dollar and pushed EUR\/USD toward 1.1570. That situation was a classic example of how a shift from risk-off to risk-on sentiment can directly impact major currency pairs. The market’s reaction then provides a useful playbook for the environment we see today.\n\nHowever, the fundamental picture is quite different now in April 2026, with EUR\/USD currently trading much lower, around 1.0865. While we are seeing some diplomatic easing of tensions in the Red Sea, strong U.S. economic data is providing a solid floor for the dollar. For instance, the latest U.S. Services PMI for March 2026 came in at a robust 53.4, far outpacing the Eurozone’s reading of 51.5 and contrasting with the weak data seen in 2025.\n\nThis economic divergence makes it difficult for the euro to gain traction in the same way it did in the past. The significant interest rate differential, with the Federal Reserve’s key rate at 4.75% versus the European Central Bank’s 3.50%, also makes holding long euro positions costly. This underlying yield advantage for the dollar will likely cap any rallies driven by sentiment alone.\n\nFor derivative traders, this suggests that selling volatility could be an attractive strategy. With the MOVE Index, a measure of bond market volatility, having recently fallen to its lowest level since February, the market is not pricing in major shocks. Selling out-of-the-money call options on EUR\/USD could allow traders to collect premium while betting that the fundamental headwinds will prevent a significant breakout above the 1.0980 resistance level.\n\nAlternatively, traders expecting a return to dollar strength could look at buying cheap put options. Any failure of the EUR\/USD to break higher on positive geopolitical news could be a signal that the underlying bearish trend is reasserting itself. A break below the key 1.0800 support level could trigger a faster move down, making put options a low-cost way to position for that scenario.\n\nCreate your live VT Markets account<\/a>\u00a0and\u00a0start trading<\/a>\u00a0now. <\/b>\n

\r\n\r\n

Start trading now – Click here<\/a> to create your real VT Markets account <\/strong> <\/p>\r\n","protected":false},"excerpt":{"rendered":"

EUR\/USD hovers near 1.1570 as ceasefire hopes and softer US data pressure the safe-haven Dollar.<\/p>\n","protected":false},"author":38,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[46],"tags":[],"class_list":["post-44210","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":[],"aioseo_notices":[],"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"josephine","author_link":"https:\/\/www.vtmarketsglobal.com\/en\/author\/josephine\/"},"_links":{"self":[{"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/posts\/44210","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/users\/38"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/comments?post=44210"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/posts\/44210\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/media?parent=44210"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/categories?post=44210"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/tags?post=44210"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}