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EUR/USD. Maritime blockade and preparations for talks: traders frozen awaiting geopolitical denouement
EUR/USD, by the end of yesterday,
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EUR/USD, by the end of yesterday, failed to overcome the resistance level at 1.1800, which corresponds to the upper boundary of the Kumo cloud on the D1 timeframe. Buyers renewed a six-week price high, marking 1.1812, but did not hold within the 18th figure, finishing the day at 1.1795. The pair is drifting close to the borders of the 18th figure, waiting for further geopolitical developments that are expected any day now. Trader caution is fully justified, given the contradictory situation.
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Irina Manzenko,
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Irina Manzenko
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