• EUR/USD flat in holiday-thinned trade, firmer oil adds to euro headwinds

• Oil jumps more than 2% on U.S.-Iran tit-for-tat strikes , keeping EU gas prices near YTD highs

• Through the terms-of-trade channel, rising energy costs increase downside risks for EUR

• Fed Sept hike odds now around 60% , supporting USD bid

• Near-term support at 1.1550-60, break would open up 1.1500

• Resistance at 1.1600-05, then 1.1630-50
EURUSD hourly chart

Justin McQueen is a Reuters market analyst. (The views expressed are his own). ((Email: ))