EUR/USD is trading flat in the session but is subject to volatility in financial markets pertaining to the escalations of the Ukraine crisis. The single currency has travelled from a high of 1.1319 to a low of 1.1296, weighed by risk-off tones following critical developments at the Kremlin.

The EUR/USD pair trades at the lower end of its latest range, approaching a Fibonacci support level at 1.1305, the 50% retracement of the latest daily advance. The pair has neared a bearish 100 SMA before retreating sharply, and now struggles around a directionless 20 SMA. Technical indicators have kept retreating within positive levels, and are currently within neutral levels.

The 4-hour chart shows that the pair has fallen below all of its moving averages, which remain directionless within a limited range. The Momentum indicator is directionless below its 100 level, while the RSI indicator heads lower at around 42, favoring another leg south.

Support levels: 1.1305 1.1260  1.1220

Resistance levels: 1.1360 1.1405 1.1460

Source： Fx Street