EUR/USD Drops Below 1.1550 as US Iran Strikes Trigger Dollar Safe-Haven Surge

EUR/USD slid below 1.1550 to around 1.1525 on June 10 after US self-defense strikes on Iranian targets ignited broad dollar demand. The break accelerated a decline that began in early June when the pair lost the 1.1600 support and 200-day moving average, retreating from May highs near 1.1800. Multiple banks including BofA, Danske, BNY Mellon and UOB have maintained bearish near-term views citing Fed hawkishness, widening yield differentials and elevated European energy costs, with key support now eyed at 1.1500.