EUR/USD: Hawkish ECB Stance Supports Further Upside Momentum
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Brent Oil: Breaking Below Pre-War Resistance as Supply Normalizes
Brent crude has decisively broken through pre-war levels (February 27 resistance) as Hormuz Strait reopens with 20 million barrels passing daily. The downtrend remains intact with normalization expected within weeks as Iranian production increases. Watch for sustained closes below pre-war support and accelerating losses if supply fears fully dissipate. Bearish bias intact.
https://www.actionforex.com/contributors/technical-analysis/645142-brent-oil-falls-to-pre-war-levels-as-supply-normalization-provides-relief/Senate Republicans reverse Iran war powers stance after Trump meeting
Senate Republicans flipped their position on Iran war powers legislation following a heated meeting with Trump. This policy shift signals reduced near-term escalation risk in the Middle East, supporting risk-on sentiment. USD may weaken as geopolitical risk premium decreases; JPY and CHF likely underperform as safe-haven demand eases.
https://www.foxnews.com/us/senate-republicans-flip-iran-war-powers-vote-after-fiery-meeting-trump-more-top-headlinesNew to MyTradingLand?
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