The latest news from Russia-Ukraine negotiations positively impacts stocks that are still climbing and searching for resistance. The Russian Defense Ministry announced that they would scale down military activity around Kyiv and Chernihiv.
EUR/USD is in new recovery mode in the 4-hour chart. However, the wave structure still looks corrective, so we are still tracking a bigger A-B-C corrective rally that can retest the 1.12xx resistance area before we will potentially see another decline.
Keep in mind that bears may step in only if turns back sharply beneath the 1.0940 region. On the other hand, if it goes impulsively towards the 1.13 area, it may have already found the support.
