{"id":44212,"date":"2026-04-06T23:19:00","date_gmt":"2026-04-06T23:19:00","guid":{"rendered":"https:\/\/www.vtmarketsglobal.com\/en\/uncategorized\/44212\/"},"modified":"2026-04-06T23:19:00","modified_gmt":"2026-04-06T23:19:00","slug":"on-monday-eur-usd-trades-around-1-1570-as-iran-ceasefire-hopes-weaken-the-us-dollars-momentum","status":"publish","type":"post","link":"https:\/\/www.vtmarketsglobal.com\/en\/live-updates\/44212\/","title":{"rendered":"On Monday, EUR\/USD trades around 1.1570 as Iran ceasefire hopes weaken the US Dollar\u2019s momentum"},"content":{"rendered":"EUR\/USD traded near 1.1570 on Monday, up slightly as the US Dollar lost safe-haven demand. Markets steadied as fears around the Iran war eased.\n\nCeasefire hopes reduced earlier risk-off flows into the Dollar. Reports referred to diplomatic efforts involving regional intermediaries.\n\n

Ceasefire And Strait Of Hormuz Developments<\/h3>\nDonald Trump warned Iran that not reopening the Strait of Hormuz would bring severe consequences. He set a Tuesday deadline and said the US would destroy Iran\u2019s power plants and bridges if the Strait stayed closed.\n\nCeasefire reports softened the market impact of the ultimatum and helped limit further Dollar gains. This kept EUR\/USD from moving sharply lower.\n\nUS data added pressure on the Dollar, as the ISM Services PMI eased to 54 in March from 56.1 in February. The result was below expectations of 55.\n\nOn the 4-hour chart, EUR\/USD was at 1.1555, with a mildly bullish bias above the 20-period SMA and near the 100-period SMA. The RSI was near 54.\n\n

Technical Levels And Market Positioning<\/h3>\nSupport levels were 1.1538, then 1.1518 and 1.1506, while resistance stood at 1.1571. A move above 1.1571 could lift the pair, while a drop below 1.1538 could weaken the bias.\n\nWe remember from last year’s tensions surrounding the Strait of Hormuz that the US Dollar\u2019s safe-haven status can quickly fade when ceasefire hopes emerge. This taught us that the dollar weakens when the market perceives a de-escalation, a pattern we should watch closely with current events. Today, the EUR\/USD is trading near 1.0850, and while geopolitical risks persist, the market seems less inclined to rush into the dollar without a direct and immediate threat.\n\nSimilar to the weaker ISM Services PMI we saw in March of 2025, the latest reading for March 2026 also came in slightly below forecast at 51.5, signaling a continued moderation in the US economy. This makes it difficult for the Federal Reserve to justify a hawkish stance, especially with recent inflation data holding steady at 2.8%. This contrasts with the European Central Bank, which seems equally hesitant to cut rates amid its own persistent inflation, creating a policy balance that supports the Euro.\n\nWith the pair holding a support base above the key 1.0800 level, a similar technical floor to the 1.1538 zone noted last year, derivative positioning should account for a potential move higher. One-month implied volatility for EUR\/USD is currently subdued, hovering around 6.5%, making options strategies relatively inexpensive to implement. This suggests that buying call options or call spreads with strike prices above 1.0900 could be a cost-effective way to position for a gradual upward move.\n\nHowever, we must also consider the risk of a sudden spike in geopolitical tensions or a surprisingly strong US economic report. Historically, unexpected escalations, like the threats we saw in 2025, can cause volatility to surge and send the dollar sharply higher. Traders could hedge this risk by purchasing cheap, out-of-the-money put options to protect against a downside surprise.\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 hovered near 1.1570 as Iran ceasefire hopes and weaker US services data pressured the 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-44212","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\/44212","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=44212"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/posts\/44212\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/media?parent=44212"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/categories?post=44212"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/tags?post=44212"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}