Eurozone PMIs rallied to five-month high in February but absence of US traders, sour sentiment keep pair bears in control. Risk appetite soured late Monday after Russian President Vladimir Putin declared Donetsk and Luhansk in Eastern Ukraine as independent states. Putin’s order to bring troops inside Eastern Ukrainian states, citing peacemaking efforts, magnified fears of an imminent Russian invasion of Ukraine, as previously warned by the West. S&P 500 Futures dropped over 1.60% whereas the US 10-year Treasury yields declined seven basis points (bps) to 1.85% at the latest. February’s preliminary activity numbers from US will join risk catalysts to direct intraday moves. German IFO numbers may add support to the bullish arguments and challenge EUR/USD sellers . . .