The euro has been struggling against the dollar since the start of the Iran war, but is showing signs of stabilising. Technical analysis suggests that buyers are willing to buy the single currency before it falls too far. The 200-day moving average, which is among the most closely watched long-term trend indicators in technical analysis, is seen as a self-defructive signal. A close above this level would bolster the euro's outlook, allowing traders to focus on the September monthly peak of $1.1919.