EUR/USD continues to hold onto the 1.13 handle with the recent break below failing to inspire in much the way of a follow through. Get your market update from JMcQueenFX here:
EUR/USD Short Term Gains Limited Amid Russian Risks and Potential USD Month End Demand
Thus far a relatively sanguine response in the FX space to the first round of sanctions on Russia. That said, in the short term, market sentiment will continue to change on a whim from headline to headline, staying agile is the prudent approach in this current environment. As I mentioned in yesterday’s note, I remain a longer term bull on the Euro, which can also be expressed via EUR/. EUR/USD continues to hold onto the 1.
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