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Euro, H4
No chance.
Compare data on the US and EU economies in September:
USA - the industry is small, but growing, the service sector is growing very confidently, the labor market is strong.
Europe - in Germany the industry is bubbling - activity is 40%, expectations are very weak.
The difference is in the energy sector - the United States is fully self-sufficient in both oil and gas * and is actively helping Europe with gas supplies) - and Europe is urgently getting off Russian gas dependence with enormous difficulties and costs. And this is against the backdrop of a global general slowdown in growth.
The euro, of course, jumped out from under the mark of 0.9600 - removing some oversold - but a new entry of the euro to the lows of the year is very likely - and that's where it is necessary to prepare long positions.
Now, in my opinion, it is not worth buying - shorts look more logical, especially from a rebound upwards.
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
