4H Chart EUR/USD
The EUR/USD is in retracement mode. Risk-on is dominating the markets now as the Russia-Ukraine situation is not getting worse and negotiations are in progress. At this point I expect a breakout as you can see from my position. If the W H3 breaks we should see the ATR high hit – 1.1050. Buy the dips scenario is holding bears from advancing further. The final target is W H4 1.1090 for the intra-week setup.