The EUR/USD pair remained under pressure on Monday morning as the crisis in Ukraine continued.
Enter your emailThe pair will likely have a bearish breakout as bears test the next key support level at 1.0900.Timeline: 1-2 days.pair remained under pressure on Monday morning as the crisis in Ukraine continued.AdvertisementThe past few weeks have been a bit busy for the financial market. The European Central Bank delivered its decision, in which it decided to leave interest rates unchanged. Its main shift was to lower the size of its asset purchase program.
And in notes last week, analysts at Citigroup and Bank of America warned that the bank could deliver three consecutive rate hkes of 0.50%. Higher interest rates aim to slow inflation by making it attractive for people and save more money instead of spending. Economic data in the past few weeks have been mixed as well. For example, in the United States, the unemployment rate dropped to 3.8% while retail sales declined sharply in February. In Europe, the latest manufacturing and services PMIs were strong even as the European business confidence declined sharply.
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EUR/USD bears approach 1.0900 as yields propel USD, focus on Ukraine, NFPEUR/USD prints a four-day downtrend to please sellers around 1.0950 during Monday’s Asian session. In doing so, the major currency pair drops to the l
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EUR/USD risks further losses below 1.0950 – UOBIn opinion of FX Strategists at UOB Group, EUR/USD could accelerate losses on a breach of the 1.0950 level in the near term. Key Quotes 24-hour view:
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EUR/USD rebounds from earlier lows near 1.0940Following an early drop to the proximity of 1.0940, EUR/USD regains some composure and now retargets the key barrier at 1.1000 on Monday. EUR/USD: Nex
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EUR/USD Price Analysis: Bears eye a break of 1.0960s for prospects of fresh cycle lowsEUR/USD is starting out the week trapped between support and resistance but leans with a bearish bias within a strong bearish trend. The following ill
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Bitcoin, Ethereum Weekly Forecast: BTC/USD, ETH/USD Key LevelsBitcoin and Ethereum have continued to rise alongside stocks, pushing them to key technical levels. Will cryptocurrency continue to rise? Get your weekly Bitcoin and Ethereum forecasts from Tams707 here:
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USD/CAD eyes to regain 1.2500 around nine-week low on softer oil, firmer USDUSD/CAD licks its wounds near a two-month low, up 0.12% intraday around 1.2500 during early Monday morning in Europe. In doing so, the loonie pair pri
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