EUR/USD: Bears remain in control below 1.0800, looks at Lagarde – by pabspiovano EURUSD Currencies Majors ECB
: Continuation of the ECB hiking cycle amidst dwindling bets for a recession in the region and still elevated inflation. Impact of the Russia-Ukraine war on the growth prospects and inflation outlook in the region. Risks of inflation becoming entrenched.So far, the pair is retreating 0.18% at 1.0773 and the breakdown of 1.0769 would target 1.0766 en route to 1.0656 . On the flip side, the next up barrier emerges at 1.1032 followed by 1.1100 and finally 1.1184 .
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