Gate.io: Even if Russia and Ukraine reach a ceasefire protocol, the euro's gains may still be limited

On March 12, Jinshi Data reported that Francesco Pesole, an analyst at the Netherlands International Group, said in a report that even if Russia agrees to a 30-day ceasefire with Ukraine, there is limited upside for the euro. He said, “The market has largely digested the peace protocol between Ukraine and Russia.” Although the euro may experience a slight pump if Russia agrees to a truce, after a recent rebound, the euro faces upward resistance due to technical tensions. According to the short-term fair value model of the Netherlands International Group, the euro against the dollar is still overvalued by about 1.5%. In addition, the EU has also announced retaliatory measures in response to the tariffs imposed by the United States on imported steel and aluminum.