EUR/USD: Bulls regain control and target 1.0900 – by pabspiovano EURUSD Currencies Majors
: Continuation of the ECB hiking cycle amidst diminishing probability of a recession in the region. Impact of the war in Ukraine and the protracted energy crisis on the bloc’s growth prospects and inflation outlook. Risks of inflation becoming entrenched.So far, the pair is gaining 0.68% at 1.0860 and faces the next up barrier at 1.0887 followed by 1.0900 and finally 1.0936 . On the flip side, the breakdown of 1.0776 would target 1.0481 en route to 1.0443 .
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