Euro stays on the back foot to start the week. Economists at OCBC Bank think the EUR/USD pair is likely to break below the 1.1300 level.

Geopolitical tensions with Russia to have important implications for the euro

“At this juncture, risk-reward likely favours a downside breach of 1.1300, rather than moving higher towards 1.1500.”

“Outright conflict over Ukraine may be a strong directional impetus.”

This article was originally published by Fxstreet.com.Read the original article here.

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