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EUR/USD Moves Away From Recent Lows

EUR/USD Moves Away From Recent Lows

Key Insights

EUR/USD tries to recover as markets calm down a bit

Geopolitical tensions stay high; expect strong moves on any big news

Markets may ignore economic news this week Euro Attempts To Rebound Against U.S. Dollar EUR/USD is currently trying to settle back above 1.1170 as the U.S. dollar pulls back after the strong rally, which was triggered by harsh sanctions on Russia.The U.S. Dollar Index made an attempt to settle above the resistance at 97.45 but lost momentum and pulled back below the support level at 97.25. In case the U.S. Dollar Index manages to settle below this level, it will move towards the next support at 97, which will be bullish for EUR/USD.Today, foreign exchange market traders will stay focused on the consequences of the harsh sanctions on Russia, which include sanctions on the country’s Central Bank. At this point, it is not […]

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