1 Trade to Make Now as U.S.-Iran Ceasefire Talks Deteriorate

1 Trade to Make Now as U. S. -Iran Ceasefire Talks Deteriorate Jim Wyckoff Wed, July 8, 2026 at 4:11 PM GMT+2 2 min read EUR=X DX-Y.

NYB CL=F Piles of Euro notes_ Image by Mixa74 via Shutterstock_ September Euro currency (E6U26) futures present a selling opportunity on more price weakness. See on the daily bar chart for the September Euro currency futures that prices are trending lower and are not far above the recent multi-month low. The bears have the firm near-term technical advantage as the price trend is their friend.

More News from Barchart Nasdaq Futures Plunge as Samsung Sparks Chip Selloff AbbVie vs Eli Lilly: 1 Is Clearly the Better Dividend Stock to Buy and Hold for the Next 10 Years The Nasdaq-100 Could Be Forming a Textbook Diamond Top. Here's What to Watch on the QQQ Chart Now. Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most.

Subscribe today! Fundamentally, the deteriorating U. S.

-Iran ceasefire talks are bullish for the greenback against the Euro currency — mainly because the spike in crude oil (CLQ26) prices will more seriously strain the European Union economy. The U. S.

and its energy independence has seen its economy fare much better than the global economies that rely on oil from the Middle East, such as the EU. A move in the September Euro currency futures below chart support at the June low of 1. 1363 would become a selling opportunity.

The downside price objective would be 1. 0900 or below. Technical resistance, for which to place a protective buy stop just above, is located at 1.

1575. www. barchart.

com IMPORTANT NOTE: I am not a futures broker and do not manage any trading accounts other than my own personal account. It is my goal to point out to you potential trading opportunities. However, it is up to you to: (1) decide when and if you want to initiate any trades and (2) determine the size of any trades you may initiate.

Any trades I discuss are hypothetical in nature. Here is what the Commodity Futures Trading Commission (CFTC) has said about futures trading (and I agree 100%): Trading commodity futures and options is not for everyone. IT IS A VOLATILE, COMPLEX AND RISKY BUSINESS.

Before you invest any money in futures or options contracts, you should consider your financial experience, goals and financial resources, and know how much you can afford to lose above and beyond your initial payment to a broker. You should understand commodity futures and options contracts and your obligations in entering into those contracts. You should understand your exposure to risk and other aspects of trading by thoroughly reviewing the risk disclosure documents your broker is required to give you.

On the date of publication, Jim Wyckoff did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.