EUR/USD bulls tread with caution in a field of land mines of disruptive Russian headlines By ross_burland EURUSD DollarIndex RussianFederation Fed ECB
Daily M-formation neckline has a confluence with the 50% and 61.8% ratios.higher by some 0.12% in Asia with the euro catching a bid as it attempts to correct vs the greenback in what appears to be 'wait and see' market conditions unfolding. The bulls moved on the lows of Monday's trade and stay in control through Asia, despite Russian invasion jitters and a wobble in Asian equities.
Asia is feeling some of that today. The MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.4% in early regional trade, tracking lost ground on Monday in the West. Overnight, the Dow Jones Industrial Average lost 0.49%, the S&P 500 fell 0.38%. Japan's Nikkei was down 0.5% at the time of writing and while in Australia, the S&P/ASX200 was off 0.14%. Hong Kong's Hang Seng Index slid 0.
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