The ECB sources headline did give the
EURUSD a modest boost off of the lows, but not so fast. The pair remains well below the 100 hour MA at 1.13519. The pair could only get to 1.1345 (from a low today of 1.13267).
Now there has been report of a large explosion in the center of Donetsk. That has now sent the pair to a new low for the day and in the process is back a swing area between 1.13189 and 1.13295. A move below would look toward 1.13075 – home to the 50% midpoint of the 2022 trading range. Move below that and the low from Monday at 1.12791 would be targeted.
This article was originally published by Forexlive.com. Read the original article here.