EUR/USD Forecast: 1.0500 at risk as market mood sours

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EUR/USD opened with a bearish gap and declined below 1.0550 in the European morning on Monday. The risk-averse market environment could make it diffic

EUR/USD started the new week under bearish pressure. Safe-haven flows dominate the financial markets on Monday. Investors will keep a close eye on headlines surrounding the Israel-Gaza conflict. ult for the pair to stage a rebound in the near term. Safe-haven flows dominated the financial markets at the beginning of the week on news ofof Hamas firing a barrage of rocket from the Gaza Strip. Latest reports suggest that fighting between Hamas and Israeli forces in several areas in souther Israel.

08% 0.15% -0.05% 0.32% NZD 0.03% 0.44% 0.44% 0.11% 0.24% 0.04% 0.34% CHF -0.33% 0.10% 0.10% -0.24% -0.12% -0.31% -0.34% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent EUR /JPY .

 

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