EUR/USD: Breach of 1.1300 to leave the November low at 1.1186 vulnerable – OCBC

Market news

25 January 2022

EUR/USD: Breach of 1.1300 to leave the November low at 1.1186 vulnerable – OCBC

EUR/USD retains a heavy tone, but the pair remains above the 1.1300 support. A break below here would clear the way towards the November low of 1.1186.

Russia/Ukraine tensions, the immediate driver risk factor

“A breach of 1.1300 will leave the Nov low at 1.1186 vulnerable.”

“Outside of equity-driven risk negative, the immediate driver risk factor will be the Ukraine issue.”

“Prefer to stay negative for now.”

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