EUR/USD: Conflict risks keep euro pressured – Commerzbank
EUR/USD remains offered below 1.1600, seems vulnerable near multi-month low
EUR/USD falls as Middle East tensions lift USD despite hot EZ inflation
The US dollar continues to attract inflows with a massive “risk off” attitude around the world.
EUR/USD plunges below 1.1600 as US Dollar rallies amid risk-aversion mood
The Euro is still under pressure as we stated in the last few weeks as the target remains towards 1.1580. As we see over the Intraday chart, prices face the first resistance at 1.1860 while as long as the market holds trades it, the downtrend pressure could continue toward 1.1580.
The EUR/USD exchange rate tumbled this week as the US dollar rose amid the ongoing crisis in the Middle East. It also retreated as concerns about the European economy rose.
When is the Eurozone flash HICP data for February and how could it affect EUR/USD?
EUR/USD seems fragile below 1.1700 as Middle East war boosts energy prices
EUR/USD weakens below 1.1700 as Middle East tensions drive US Dollar strength
With oil and gas prices surging, a clear divergence has opened up between the energy haves and have nots. The premium for European energy supply has exploded.
At the start of the week, EUR/USD has shown a significant decline, falling more than 1% in the short term, with price action clearly favoring the US dollar.