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EUR/USD Weekly Forecast: Corrective advance over?

EUR/USD Weekly Forecast: Corrective advance over?

The Eastern European crisis keeps pressuring financial markets into risk-off mode.

The US Federal Reserve surprised investors with a hawkish tightening path.

EUR/USD is closer to resuming its decline and reaching fresh yearly lows below 1.0805.

The EUR/USD pair managed to recover some ground this past week but ended it at around 1.1020, below the 38.2% retracement of the 2022 slump at 1.1070. Financial markets were all about Russia-Ukraine developments and the lack of progress in peace talks after three weeks. War and the US Federal Reserve Pretty much, Russia is willing to find a diplomatic solution as long as it is in accordance with its main strategy, that is, that Kyiv recognizes the independence of the Donbass region through the creation of the People’s Republics of Donetsk and Luhansk. On the other hand, Ukraine made it clear that they would not negotiate “an inch of […]

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  • EUR/USD Weekly Forecast: Corrective advance over?
  • EUR/USD Weekly Forecast: Corrective advance over?
  • EUR/USD Weekly Forecast: Corrective advance over?
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