• EUR/USD -0.6% from Mon 1.1760 high in wake of Middle East war escalation

• Iran hits ships & UAE oil port in response to Trump's Strait of Hormuz plan

• U.S. pushing forward with plan for 25% import tariffs on EU built cars

• EUR break below 1.1650 support would open significant downside potential

• Euro zone Apr HCOB manufacturing PMI 52.2 (in line with poll consensus)

• U.S. Mar factory orders +1.5% m/m (poll +0.5%) on military & AI spending

• Range Asia 1.1689-91, support 1.1650 1.1409, resistance 1.1850 1.1930
EUR Daily 55-DMA

(James Connell is a Reuters market analyst. The views expressed are his own.)