Breaking: EUR/USD breaks fresh 2022 lows, 1.1020

EUR/USD drops to print a fresh low of 1.1020 on the news that the Zaporizhzhia Nuclear Power Plant, a few kilometres from Enerhodar, has been attacked.

The Plant spokesman says Russian troops have begun shelling Europe's largest nuclear power station in Ukraine.

Russian forces were battling for control of a crucial energy-producing city in Ukraine’s south and closing in on the country’s largest nuclear power plant.

Russian tanks and infantry on Thursday entered Enerhodar, a city on the Dnieper River that accounts for about one-quarter of Ukraine’s power generation.

The river Dneiper runs right through the centre of Zaporizhzhia and the region is one of the most agriculturally productive in the world.

The concerns are that a large scale nuclear accident here wouldn't just be a disaster for Ukraine, it would be for the world.

EUR/USD H1 chart

More to come...