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EU Adopts Package Of Sanctions In Response To Russian, What Is The Expectation To EURUSD?
Investors are conservative shall wait and observe. Investors who is radical are recommended marginal Short when the price is rebound to near the price of 1.1145. Take profit at 1.1057, and stop loss at 1.1182.
Ukraine and Russia are about to start the second ceasefire negotiation to temporarily support the stability of Europe and the United States, but Russia’s military aggression against Ukraine is still in progress. Given Ukraine’s previous application to join the EU, neutral countries such as Sweden, Finland, and Georgia are also gradually discussing joining the EU. This may irritate Russian President Vladimir Putin’s use of more extreme way of attacks against Ukraine. The EU has increased sanctions on energy projects and related personnel. It is estimated that the cooperation project of Nord Stream 2 pipeline will continue to be suspended. The pace of the EU’s own economic recovery is not conducive to the price of EURUSD. EURUSD remains bearish perspective.
In the H4 chart, the K-line trend has previously completed a double-top pullback pattern, which is an advantage to a bearish layout. The KD indicator is neutral and volatile and it mighs leads to a bearish layout. The overall probability is a volatile session.
*Information above belongs to 3rd party media comments, can only be used for references and doesn’t represent our platform’s opinion. Investors should maintain sole-determination, self-evaluation required and be responsible for their own action.
(*Remark: market price aforementioned is limit to the pricing in vicinity to when the article is published, the outdated pricing may or may not be the best for good)
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