EUR/USD bulls move in to clean up on the risk-off stops, bull flag taking shape By ross_burland EURUSD RussianFederation Currencies
EUR/USD rallies as risk lifts heading into the close on Wall Street with stocks turning less negative.
Bull flag pattern on the hourly chart is starting to shape up for a breakout to the upside. Eyes on 1.1350's. As far as diplomacy, the White House said on Sunday a summit between the US and Russia will go ahead only "if an invasion hasn't happened." This means that the meeting between Secretary of State Antony Blinken and Russian Foreign Minister Sergey Lavrov in Europe this week will be a critical stepping stone in this direction.
His dry explanation has explosive consequences: Russia could use the territorial claims as a cause to launch an invasion of more Ukrainian territory, saying it was defending the interests of its proxy states in Donetsk and Luhansk.But we expect, and I want to underline this, that all the difficult questions will be solved during negotiations between the current Kyiv government and the leadership of this government.
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