Unfortunately, there are currently no signs that the war momentum in the Middle East will reverse anytime soon. Netanyahu stated that Israel does not seek a prolonged war, but yesterday Trump did not rule out deploying ground troops and this morning said the United States is prepared for a long, victorious war. At present, rising gas prices in particular may pose a serious challenge for Europe and, consequently, for the euro. The chart shows RSI approaching oversold territory, while selling volume clearly dominates.
EURUSD (D1)

Source: xStation5
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