Currency1997

EURUSD : is expected to decline mixed

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Currency1997 Updated   
OANDA:EURUSD   Euro / U.S. Dollar
The euro was on a downward trend at the beginning of the week. The world's leading group of developed and emerging economies (G20) believes that the global economy will face unpredictable fluctuations in 2023.

International media reported today that in a joint statement, finance ministers and central bank governors from G20 countries expressed concern that economic difficulties will have a more serious impact on people's lives. October 22nd.

The G20 reached an agreement after seven meetings. The group believes that the global economy has proven to be resistant to shocks, but the outlook is still gloomy, uneven, and the gap between countries and regions is increasingly widening. From now until the end of the year, the world economy faces the risk of decline due to armed conflicts, extreme weather, natural disasters and tightening monetary policies of many countries.

Meanwhile, the International Monetary Fund (IMF) warns that global debt is still higher than the level before the Covid-19 pandemic and is expected to continue to increase in the near future.
Comment:
USDJPY SELL 149.90

✅TP: 149.60

❌SL: 150.20
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