The EUR/USD exchange rate reached 43-month highs above 1.16 but has since retreated to around 1.1500 amid Middle East tensions and rising oil prices. Berenberg forecasts a potential dollar recovery in the coming months, predicting a dip to 1.13 for EUR/USD. Nevertheless, they see long-term vulnerabilities for the dollar. Investors are advised to watch closely for entry opportunities in EUR/USD as fluctuating geopolitical situations continue to shape financial landscapes.