During this session risk assets are once again under pressure, as the US Dollar appreciates against the major currencies.
The pair EUR/USD is again under bearish pressure and extends the losses of the last sessions.
At the moment, the pair is trading below its parity, also reflecting investor concerns over issues related to the risks of a complete shutdown of Russian natural gas supplies.
Daily Time Frame Chart
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile appOn the daily chart, we can see that the pair is just over 20 pips away from this year's lows.
If sellers manage to break below this zone, the bearish movement could intensify further and the euro could hit a new low this year against the US dollar.
EUR/USD, Daily time frame chart. Source: xStation
During this session, AUD is leading the gains!
Source: currency-strength.com
Henrique Tomé, XTB Portugal
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
