The pair needs to break out of the 1.1350-1.1400 range to determine its next short-term direction. The greenback failed to capitalize on the risk-averse market environment as it struggled to find demand amid slumping US Treasury bond yields. US President Joe Biden will host a meeting with international leaders on the Russia-Ukraine conflict. Further escalation of geopolitical tensions could make it difficult for EUR/USD to edge higher ahead of the weekend. A negative shift in risk sentiment could provide a boost to the dollar, but another leg lower in US T-bond yields on risk aversion could limit the currency’s gains. The European Commission will release the preliminary February Consumer Confidence data for the eurozone and the January Existing Home Sales will be featured in the US . . .
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