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EUR/USD exposed to tensions in eastern Europe

5:18 PM 28 February 2022

Tensions in Eastern Europe intensified over the weekend and prompted sharp declines in risky assets shortly after markets opened.

The US Dollar rebounded significantly as US futures sell-off.

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Technical Analysis - 4 hours time frame chart

Analyzing the EUR/USD chart we can see that the trades started with a downward gap, but the buyers ended up practically recovering the drops that resulted from the beginning of the trades.

In a broader perspective, we should not exclude the possibility that buyers will be able to regain control of the price towards the upper bound of the downtrend line, as the price has retested the lows of the 25th of January of this year at 1.11238.

 

 

4 hours time frame. Source: xStation 5


During this session, CHF leads gains.

Source: currency-strength.com

Henrique Tomé, XTB Portugal


 
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