EUR/USD to plummet toward 1.10 if Russia invades Ukrainian territory.

EUR/USD is following the risk-averse mood in markets to a test of 1.13. The pair could nosedive to the 1.10 level on any further Russian aggression against Ukraine, in the opinion of economists at Scotiabank.Upside momentum has been limite.“EUR/USD risks losses to 1.10 if Russia makes a move into Ukrainian territory in the coming days.”“The 1.1275/00 zone may act as EUR support as it did through late-December/early January, followed by the mid 1.12s, to prevent a test of the next big figure.”“Upside momentum today and on Friday has been limited, resistance is ~1.1350 and the overnight high of 1.1369 followed by the 1.14 area.”

EUR/USD extends slide to 1.1300, eyes on central bank speakers.EUR/USD continues to edge lower and tests 1.1300 on Monday as the risk-averse market environment allows the dollar to preserve its strength. Investors keep a close eye on.Russia-Ukraine headlines while awaiting speeches by ECB President Lagarde and Fed’s Bullard.

EUR/USD News .GBP/USD tests 1.3500 as safe-haven flows dominate markets.GBP/USD stays under bearish pressure and trades at its lowest level in a week near 1.3500 on Monday. Heightened fears over a military conflict between Russia and Ukraine force investors to seek refuge, allowing the dollar to outperform its risk-sensitive rivals.

Leave a Comment

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s