ECB's Rehn Cautions Against Assumption of Guaranteed Interest Rate Hikes

EUR/USD held near 1.1800 as easing geopolitical tensions and softer inflation expectations weighed on the dollar. Improved sentiment around potential US–Iran negotiations continues to support the pair, keeping it close to recent highs.

However, ECB’s Rehn cautioned against assuming guaranteed rate hikes, signaling a more measured policy outlook. This tempers expectations for aggressive tightening and may limit further upside in the euro, even as the dollar remains under pressure.

The initial resistance is seen at 1.1800, while the closest support is positioned at 1.1770.

R1: 1.1800S1: 1.1770
R2: 1.1830S2: 1.1640
R3: 1.1910S3: 1.1570