Euro (EUR) was a contact firmer this morning amid gentle USD softness and certain in response to US-Russia assembly this Friday in Alaska. Euro (EUR) was final at 1.1644 ranges, OCBC’s FX analysts Frances Cheung and Christopher Wong word.
Slight danger to the upside
“In accordance with WSJ, Russian President Putin proposed Ukraine ceasefire in alternate for Jap Ukraine. However earlier, Ukraine President Zelensky had mentioned that his nation wouldn’t give its land to Russia and that Ukraine have to be a part of any negotiation to finish the conflict. Whereas negotiations will not be clean and takes time, Europe probably taking part in Ukraine’s reconstruction plans sooner or later, might lend a lift to EUR, to some extent.”
“Every day momentum exhibits indicators of turning gentle bullish whereas RSI additionally exhibits indicators of rising. Slight danger to the upside. Resistance at 1.1730, 1.18 ranges. Help at 1.1610/30 ranges (21, 50 DMAs), 1.1570 ranges.
