EUR/USD breaks the 1.0600 mark, eying fresh multi-year lows. The tussle with Russia is denting the risk sentiment, weighing on the risk assets. ECB speech and risk-related headlines are key to watch. The EUR/USD price has drifted below the 1.0600 mark for the first time since 2017. The pair remains under pressure as the flows to safe-haven continue. So, the bears are likely to keep their dominance below the 1.0600 area. –Are you interested in learning more about Canadian forex brokers? Check our detailed guide- Russian aggression causing risk aversion On Tuesday, the news came that Russia stopped the gas exports to Poland and Bulgaria as they refused to pay in Russian rubles. The president of the European Commission, Ursula von der Leyen, called it unjust and unacceptable to halt the gas supply to customers with a unilateral decision. Meanwhile, a Russian member of the parliament, Vyacheslav Volodin, urged the Russian government to halt the gas supply to non-friendly countries. On the other hand, German Minister for Economic Affairs, Robert Habeck, said on Tuesday that they were eager to find an alternative to the Russian oil as the EU decided to cease the imports of Russian energies. Stocks plunging The Euro Stoxx 600 index plunged on Wednesday as it started the day in a negative zone before posting a meaningful recovery on the day. On the other hand, the US stock index futures are positive at around 0.50% on the day. However, the investors are not interested in betting on the risk rallies. The geopolitical tensions remain strong while the renewed fears of global economic slowdown bar the EUR/USD from finding any meaningful recovery. What’s next to watch for EUR/USD price? The ECB president Christine Lagarde is due to speak later on the day. Meanwhile, the US economic docket has pending home sales and trade balance data on the day. But the risk sentiment will remain the key element to watch. Get FREE Forex Signals Now! EUR/USD price technical analysis: Bears may hit 1.0460 The EUR/USD price has broken the 1.0600 level with a very high volume. The pair is now trying to recover, but the recovery remains shallow as long as the price remains below the 1.0800 mark. The overall volume data shows strong downside potential for the pair. We may see 2015 lows of 1.0460 to be tested sooner or later. –Are you interested in learning more about high leveraged brokers? Check our detailed guide- The 4-hour chart reveals that the key SMAs are pointing to the downside. The 20, 50, 100 and 200 SMAs lie above one another, indicating a strong bearish outlook. Looking to trade forex now? Invest at eToro! Trade Forex Now! 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money Saqib Iqbal Saqib Iqbal Saqib Iqbal is a market analyst, prop fund trader and mentor, serving the industry with his analysis and educational content since 2011. The author has great exposure to different financial markets and institutions. He's well-known for his day trading reviews and multiple timeframe analysis. View All Post By Saqib Iqbal EUR/USD Daily share Read Next Free Forex Signals and Forecast: Sell CAD/JPY – 27 Apr 2022 Olimpiu Tuns 4 weeks EUR/USD breaks the 1.0600 mark, eying fresh multi-year lows. The tussle with Russia is denting the risk sentiment, weighing on the risk assets. ECB speech and risk-related headlines are key to watch. The EUR/USD price has drifted below the 1.0600 mark for the first time since 2017. The pair remains under pressure as the flows to safe-haven continue. So, the bears are likely to keep their dominance below the 1.0600 area. -Are you interested in learning more about Canadian forex brokers? Check our detailed guide- Russian aggression causing risk aversion On Tuesday, the news came that Russia stopped the gas… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.