empty
 
 
fr
Assistance
Ouverture rapide de compte
Plateforme de trading
Déposer / Retirer

06.10.202223:29 Forex Analysis & Reviews: The euro is preparing for a new fall

Exchange Rates 06.10.2022 analysis

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.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Jozef Kovach,
Analytical expert of InstaSpot
© 2007-2024
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.

Can't speak right now?
Ask your question in the chat.