Enter your emailThere is a possibility that the pair will retest the support at 1.1385 and then resume the bullish trend.Timeline: 2 days.pair retreated slightly on Friday after the US published relatively weak retail sales numbers.
Still, the pair will have some key activities later this week. For one, there is a growing risk that the Russia and Ukraine crisis will continue this week. Western countries are concerned that the Russian military will invade Ukraine, especially after last week’s major hacks that targeted the country’s government.
Second, the pair will decline because of the potential risks for the European economy. In the past few weeks, gas prices have jumped as Russia has reduced the amount of gas flowing to Europe through Ukraine.
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