EURUSD remains locked in downward channel
The EURUSD pair continues to trend lower. The main factor remains unchanged: demand for risk-free assets (in this case, the US dollar) amid military confrontation in Ukraine. Today's the pair’s regular overnight downward surge was due to the shelling of the Zaporozhzhia nuclear power plant, the largest in Europe. Last night’s attack caused a fire, which was later extinguished. The threat of a nuclear disaster in the European region exerted heavy pressure on the euro.