Ukrainian Crisis on the Brink - How are the EUR and USD Impacted?
- EURUSD unfazed by Russian/Ukrainian developments right now.
- ECB rate decision on Thursday.
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The EURUSD's bullish requirement has edged up to 1.3820 this week, now having been turned away from the late-December 2013 spike and has fallen back below the July-November 2013 ascending trendline. Yesterday's low near 1.3740 is a good reference for now.
EURJPY and USDJPY remain trapped below their February highs and that's the minimum requirement to get these pairs moving in line with their long-standing (since November 2012) bull trend. For EURJPY, this level desired it 141.45; for USDJPY, 102.95.
Errata: Vladimir Putin is the President of the Russian Federation, not the Prime Minister as mistakingly noted.
--- Written by Christopher Vecchio, Currency Analyst
To contact Christopher Vecchio, e-mail firstname.lastname@example.org
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