EUR/USD resumes the upside and targets 1.0900 – by pabspiovano EURUSD Currencies Majors
: Continuation of the ECB hiking cycle amidst dwindling bets for a recession in the region and still elevated inflation. Impact of the Russia-Ukraine war on the growth prospects and inflation outlook in the region. Risks of inflation becoming entrenched.So far, the pair is gaining 0.17% at 1.0884 and faces the next resistance at 1.0929 followed by 1.0936 and finally 1.1000 . On the other hand, the breakdown of 1.0766 would target 1.0608 en route to 1.0481 .
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