No major events expected today.

EUR/USD on April 6 holds around 1.1520. Pressure on the pair comes from demand for the dollar as a safe-haven asset: the market monitors renewed tensions around Iran and risks to supply through the Strait of Hormuz. Oil remains above $110 per barrel, increasing inflationary risks and reducing interest in currencies of regions dependent on expensive energy.

Additional support for the dollar came from U.S. March employment data. Nonfarm payrolls rose by 178,000, unemployment fell to 4.3%, and the market lowered expectations of an imminent Fed rate cut. U.S. bond yields remain elevated, while investors await the release of the March FOMC minutes and new inflation data. So far, statistics do not indicate a sharp cooling of the U.S. economy, leaving the advantage with the dollar.

The euro has its own support: eurozone inflation accelerated to 2.5% in March from 1.9%, mainly due to rising energy prices. This reinforced expectations of tighter ECB policies. At the same time, growth prospects in the region are worsening, and high energy costs weigh on demand and business expenses. Therefore, EUR/USD carries a downside risk.

Recommendations: SELL 1.1520, SL 1.1550, TP 1.1430