EUR/USD: Breach of 1.1300 to leave the November low at 1.1186 vulnerable – OCBC
|EUR/USD retains a heavy tone, but the pair remains above the 1.1300 support. A break below here would clear the way towards the November low of 1.1186.
Russia/Ukraine tensions, the immediate driver risk factor
“A breach of 1.1300 will leave the Nov low at 1.1186 vulnerable.”
“Outside of equity-driven risk negative, the immediate driver risk factor will be the Ukraine issue.”
“Prefer to stay negative for now.”
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