EUR/USD Forex Signal: Drop to Parity Can\u2019t Be Ruled Out

  • 📰 Daily_Forex
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Qulity Score:
  • News: 14%
  • Publisher: 51%

The $EURUSD price declined sharply as risks of more economic pain in Europe continued.

United States Headlines News

United States Latest News, United States Headlines

Enter your emailThe pair will likely keep falling as sellers target the second support at 1.005.Timeline: 1 day.declined sharply as risks of more economic pain in Europe continued.

Most economists believe that Europe, led by Germany, are facing their worst economic crisis in decades. Inflation has surged to a multi-decade high while supply chain challenges and prolonged drought have made the situation worse. At the same time, many European rivers have substantial low water levels, which is affecting shipping routes. Goods worth over $80 billion are transported using barges in several rivers. Meanwhile, analysts expect that inflation will average about 8% this year and 4% in 2023.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 567. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

GBP/USD Forex Signal: Double-Top Signals Drop to 1.200The $GBPUSD price pulled back on Monday morning as investors prepared for a relatively busy week ahead for the British pound.
Source: Daily_Forex - 🏆 567. / 51 Read more »

EUR/USD could easily retest parity – INGEUR/USD stays quiet near 1.0150 early Tuesday. Economists at ING believe that the world’s most popular currency pair could test parity again. 1.0200 s
Source: FXStreetNews - 🏆 14. / 72 Read more »

BTC/USD Forex Signal: On Cusp of Strong Bullish BreakoutThe $BTCUSD price moved solidly above the resistance point at 24,000 as sentiment in the market improved.
Source: Daily_Forex - 🏆 567. / 51 Read more »

Trading Support and Resistance \u2013 AUD/JPY, EUR/USD, GBP/USDGet our trading strategies with our monthly \u0026 weekly forecast of currency pairs worth watching using support \u0026 resistance for the week of August 15, 2022.
Source: Daily_Forex - 🏆 567. / 51 Read more »

GBP/USD Forex Signal: Bearish Descending Wedge Patterns$GBPUSD Forex Signal: Bearish Descending Wedge Patterns
Source: Daily_Forex - 🏆 567. / 51 Read more »

EUR/USD Price Analysis: Decent contention lies near 1.0100EUR/USD challenges the August lows in the vicinity of 1.0120 on turnaround Tuesday. While further correction appears likely in the short-term horizon,
Source: FXStreetNews - 🏆 14. / 72 Read more »