• EUR/USD sinks under the 200-DMA at 1.1675 to 1.1655 on Apr 30

• Brent $126 on report US considering military options to break Iran deadlock

• Traders started to bet on a euro rise during the ceasefire

• Net euro position flipped from short $1bln euro equiv to long $6bln

• Minor support at 1.1650 Apr 9 low and 1.1629 halfway point

Mar-Apr rise

• Sustained rise for oil prices may reassert long-term EUR/USD downtrend

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EURUSD


(Jeremy Boulton is a Reuters market analyst. The views expressed are his own)