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Enter your emailA break below the support at 1.0388 will signal that bears have prevailed.Timeline: 1-2 days.pair declined slightly as concerns about the future of the European economy continued.
First, Finland and Sweden have announced their intention to join Nato, a move that has already infuriated Vladimir Putin. As such, there are concerns that Putin will invade the two countries in future and even cut them from vital natural resources. In a statement on Monday, he warned against placing military equipment close to its border.
Further, recent economic data fromthe Euro area have been significantly weak. Retail sales have declined sharply while industrial production has lagged that of other regions.
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