EUR/USD has started the new week with a large bearish gap. As FXStreet’s Eren Sengezer notes, euro eyes fresh 20-month lows as tensions escalate.USD to outperform its rivals in the risk-averse market environment.“Delegations from Russia and Ukraine are expected to meet for talks on the Ukraine-Belarus border. It’s difficult to say whether or not sides will be willing to end the conflict and look for a diplomatic solution. In case that was to happen, EUR/USD could stage a decisive rebound. On the flip side, a lack of progress and a further escalation of the crisis could force the common currency to face additional selling pressure.
“EUR/USD is facing interim resistance at 1.1200 (psychological level) ahead of 1.1260 (former support, static level) and 1.1300 (psychological level).”On the downside, short-term support seems to have formed at 1.1150. In case a four-hour candle closes below that level, EUR/USD could extend its slide toward 1.1100 on its way to a fresh 20-month low.”
EUR/USD remains vulnerable near 1.1150 as Russia-Ukraine conflict intensifies.EUR/USD is licking its wounds around 1.1150 after hitting fresh 2022 lows near 1.1100 earlier on. Belarus is preparing to join Russia, bringing in a fresh wave of risk-aversion, which underpins the US dollar’s haven demand.
EUR/USD News .GBP/USD remains pressured around 1.3350 as Ukraine crisis weighs.GBP/USD is under pressure at the start of the week, consolidating around 1.3350. The pair is off the lows that were printed following an opening gap of over 100 pips to 1.3307. Risk-off is the theme with US futures and global stocks in a sea of red as the Ukraine tensions mount
GBP/USD News
XRP price to provide a buying opportunity before Ripple explodes to $0.85.Price has been on a steady downtrend with lower lows and lower highs depicted by a declining trend line. However, this correction could be a blessing in disguise as it is likely to provide a buying opportunity.
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