The last EURO trade posted hit my SL, it happens from time to time. However in light of renewed USD strength because of persistent inflation i see EUR/USD continuing the downtrend. "Dollar strength remains the main hindrance to recovery in the pair, but the domestic picture is still far from looking appealing to investors. Despite a smaller-than-expected slump in the ZEW expectations index, the current situation survey plunged dramatically to -72.2 in October. These are levels last seen only in 2020 and 2009.”
“The easing in gas prices is likely preventing new lows, but i think the next round of dollar appreciation will heavily test that support.”
“The easing in gas prices is likely preventing new lows, but i think the next round of dollar appreciation will heavily test that support.”
Trade closed: stop reached
