forexgeopolitics2.125 min read "Geopolitical Risks Fuel EUR/USD Rebound: What's Behind the Perk Up?"
The EUR/USD rebounded slightly after a recent selloff, but geopolitical tensions, particularly the potential ground invasion of the Gaza Strip by Israel, continue to pose risks for riskier currencies. The situation in the Middle East remains highly volatile, and any deterioration in the Israel-Palestine conflict could weigh on the euro. The U.S. dollar, considered a safe-haven asset, may benefit in times of uncertainty. From a technical perspective, the EUR/USD faces resistance at 1.0610/1.0635 and support at 1.0500 to 1.0465.
2 years ago•Source: DailyFX
