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Euro / U.S. Dollar
Long
Sep 25, 2023
💶 EUR/USD What's next? 💶
1
4
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13
13
💶 EUR/USD What's next?
💶 The EUR has scored another down week in a row comparing it to the US dollar
💶 All due to dire economic readings, the risk of falling into recession, as well as rising unemployment and falling exports.
💶 The Eurozone is in a bad situation, which has led to a flight of capital from the Zone to the US dollar.
💶 Today we found ourselves in the vicinity of the price of 1.057 from which there was an upward reaction.
💶 Looking at the lack of arguments for increases on the dollar and the Eurozone, I expect the occurrence of accumulation in the coming weeks.
💶 If today's bottom is defended I expect a slow cumulation of the price
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