EUR/USD, Federal Reserve policy expectations, oil prices and euro crosses are back in focus as markets assess the impact of the U.S.-Iran agreement and the reopening of the Strait of Hormuz. Fawad Razaqzada, FOREX.com Market Analyst, explains why the euro has yet to fully respond to collapsing oil prices, what the upcoming FOMC meeting could mean for the dollar, and why EUR/USD and EUR/CHF may be approaching important breakout levels.
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