EUR/USD Macron style gap up? -13/9/2022-

• EUR/USD chart had a gap up during the weekend following some positive news about the Ukraine-Russia war. Reports mentioned that Ukrainian forces were able to re conquer major parts of southern Ukraine
• Markets were relieved following this news, which prompted some fresh selling for the US dollar
• Investors are keeping an eye on the headlines in eastern Europe. Some believe if Ukraine keeps on advancing, war could be approaching to an end, which would reflect positively on the pair
• Technically, short term trend is bullish, supported by a 20MA pointing upward
• Price is just at the 50MA were bulls and bears are fighting for dominance
• Bears eye a move to 1.0050 level while bulls are targeting 1.02 and beyond
• First resistance: 1.02 followed by 1.0350

• R1: 1.020; R2: 1.0350
• S1: 1.0050; S2: 1.00