The current ongoing war between Russia and Ukraine has been having a huge impact on the USD. As it can be inferred from the chart, the price of EURUSD dropped all the way down and visited the area of 1.113 crucial support. After an impulsive move, a correctional move is needed. The price has corrected till the 0.5 Fibonacci retracement level, and we are now expecting for it to keep dropping and reach the 1.11 Lower Low.
Happy trading, wizards!
Happy trading, wizards!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.