The dollar attempted to stabilize against major currencies on Tuesday after earlier losses triggered by comments from U.S. President Donald Trump that the war with Iran could end “very soon.”

Around $1.1630 per euro, the U.S. currency held broadly steady in Asian trading, remaining below Monday’s highs. However, the move later extended, with the pair already trading above the 1.1650 level.

As we suggested several days ago, the area around 1.1500 acted as support. If the 1.1700 level is successfully breached, the EUR/USD pair could encounter significant resistance in the 1.1770–1.1830 range.