EUR/USD Weekly Forecast: War drums in Eastern Europe to keep dampening the mood

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EUR/USD Weekly Forecast: War drums in Eastern Europe to keep dampening the mood
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Euro is technically neutral but could turn bullish on a clear break above 1.1400 EUR EURUSD $EUR $EURUSD

rectly linked to headlines related to geopolitical tensions between Russia and Ukraine. The situation on the border remains uncertain, after some shelling took place in Donbass on Thursday, sounding all alarm bells in the West. US President Joe Biden said that Moscow is preparing a pretext to invade Ukraine, while Russian President Vladimir Putin accused Washington of ignoring its security demands.

Will Russia finally invade Kyiv? And what could happen then? Well, it seems more likely that Putin get away with what he wants, that is, taking control over Ukraine and preventing the country from adopting a westernized lifestyle than having a strong response from the West, despite the strong wording from NATO leaders.

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