From the desk of Steven Strazza @Sstrazza and Ian Culley @IanCulley
Currency markets are reacting to the war that’s broken out in Europe.
In the past four trading sessions, the Russian ruble has dropped more than 1,000 pips against the US dollar.
And, with fear growing that these initial days of fighting will turn into a protracted conflict, weakness is striking the euro as well.
Let’s take a look at the EUR/USD cross and outline the levels we’re monitoring in the coming weeks and months.