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Analyst: Iran's New Supreme Leader Takes Hardline Stance with No Sign of Compromise

Analyst: Iran's New Supreme Leader Takes Hardline Stance with No Sign of Compromise

BlockBeatsBlockBeats2026/03/12 13:46

BlockBeats News, March 12th, Analyst Dara Doyle stated that the market interpreted the remarks of newly appointed Supreme Leader Mojtaba Khamenei as quite hardline, with little sign that Iran is ready to make concessions to the United States and Israel. In his first public statement after taking office, he stated that the Strait of Hormuz should remain closed and threatened to open new fronts in the war. This has heightened concerns in the market about the continued disruption of the global key oil chokepoint supply. US bond yields and oil prices surged, stocks fell, and the US Dollar Index rose to a new intraday high. (Jinse)

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Bitget•2026/10/08 09:33

BUZZ-Comment—October May Be the Month for Euro to Break Out of Its Range

Reuters, October 8 – The EUR/USD monthly chart is currently forming two bearish signals, which may both be confirmed by the October closing price: first, a break below the lower bound of a range that has been maintained for more than a year; second, a close below the 100-month moving average. After rising from 1.0125 to 1.1830 between February 2025 and July 2025, EUR/USD consolidated sideways within a range of 1.1325 to 1.2084. Based on closing prices, the 200-month moving average (currently at 1.1825) constituted most of the upper resistance for this range, while the 100-month moving average (currently at 1.1194) provided support. Dragged down by fiscal concerns, the pair dropped from slightly above 1.1700 in August to a low of 1.1161 in October, with the euro hovering near a 17-month low. Key drivers include mounting fiscal and political risks in the Eurozone, rising global bond yields, and a resilient dollar supported by high energy prices and hawkish Federal Reserve expectations. Confirmation signals: The month has only just begun, and the trend remains uncertain; the spot price is currently almost exactly at the 100-month moving average (100-MMA). If the monthly closing price falls below 1.1325, it would confirm a range break; a close below 1.1194 would confirm the second signal. If both occur, deeper support levels could be tested before year-end. Key levels: Fibonacci retracements for the rally from 1.0125 to 1.2084 show the 38.2% retracement at 1.1336. This coincides with the range bottom, reinforcing its resistance role in any rebound. The 50% retracement is at 1.1105 and serves as the first target on the downside. The upper edge of the Ichimoku cloud on the monthly chart is at 1.0938, between the 50% and 61.8% retracement levels. The 61.8% retracement is at 1.0873, representing a deeper downside target. Momentum indicators: The monthly RSI is trending downward, and the 14-month momentum indicator is negative, both supporting a bearish outlook. Invalidation condition: If the exchange rate rebounds and the monthly close returns above 1.1325, the above signals will be invalidated and the pair will revert to range trading. For more, refer to FXBUZ EUR/USD Monthly Chart: https://fingfx.thomsonreuters.com/gfx/buzz/zdvxeqlxzpx/Pasted%20image%201791448056243.png (For the convenience of non-native English readers, Reuters provides automated translations of its reports into several other languages. As automated translations may be inaccurate or lack the required context, Reuters does not guarantee their accuracy and provides them solely for readers’ convenience. Reuters accepts no responsibility for any harm or loss arising from use of the automated translation function.)

路透社•2026/10/08 09:31