Greenback Surges on Strong US Data and Middle East Tensions. Forecast as of 04.06.2026

The ceasefire in the Middle East has escalated into a low-intensity conflict. However, Donald Trump is prepared to be patient and continues to believe in diplomatic efforts. How long will his patience last? Let's analyze the situation and develop a trading plan for the EUR/USD pair.Major Takeaways Issues regarding oil supplies remain unresolved. Global GDP growth could be the worst since 2020. The US economy is strong. Short trades on the EUR/USD pair can be opened with targets of 1.54 and 1.146