➡️ As stated by the highest representatives of the ECB, the war in Ukraine does not threaten the Euro, which gives confidence in buying of this currency. In addition, the instrument strengthened yesterday after the Fed meeting and the price managed to form a good buy setup.
The current range is 1.08215 - 1.11307. The price is currently inside the ascending channel and a long line is expected from the resistance line to the upper boundary of the specified range.