Euro Looking for Another 1.05 Test?

The euro has been on a resurgence for the last few sessions as prices eclipsed the 1.06 level.

However, the current oil embargo on Russia by the EU has now heightened fears of further downward growth within the euro zone.

Cable is also moving in tandem with the Euro, so with inflation still at elevated levels, will we see a turnaround in the major currency pairs?

Timestamps

EURUSD 02:00

GBPUSD 03:25