The euro is trading lower on Tuesday morning in the Asian trading session amid the dovish comments from ECB President Christine Lagarde. The Russia Ukraine crisis has also worsened the risk appetite for investors While boosting the demand for U.S. dollars as a Safe-haven asset. The EUR/USD pair is in a downtrend and is trading lower by over 2% for this month. Investors are expecting the US Federal Reserve to raise interest rates in the next monetary policy meeting as well. From a technical perspective, the EUR/USD pair is on the verge of breaking the ascending channel, which would attract more downside pressure.
