After the news that the US attacked Iran, traders bought US dollars at the beginning of this week in the Tokyo market. Because of this, the euro went down to 1.1454 in the European market.
Later, Mr. Bowman, the Chairman of the Federal Reserve, said there is a chance to lower interest rates in July, so the euro went up again. Also, the worries about the Middle East became smaller because Iran showed a peaceful attitude toward the US, and President Trump said he does not plan to strike back at Iran.
Because of this, the euro may try to reach its highest price again this year. However, since the risk in the Middle East is not completely gone, the euro may not go up much more.
EUR/USD expected price range: 1.1500 – 1.1630
Note: The above information does not guarantee profit. Please make your own decisions when trading.