OANDA:EURUSDHi Traders . Another interesting week ahead of us.
The euro has been steadily falling in recent months amid growing concerns over the health of the eurozone economy as inflation rose to a record high and growth slowed. Recent macro data shows that the eurozone economy is not doing so well.`
Having a quick look at the charts we can see a trend line break here.
So, you need to see more bad news now in terms of that whole narrative around gas supplies and potentially geopolitics for the euro to weaken beyond parity," Patel said. Nomura International strategists forecast that the euro could fall to as low as $0.95.
#NOTFINANCIALADVICE
The euro has been steadily falling in recent months amid growing concerns over the health of the eurozone economy as inflation rose to a record high and growth slowed. Recent macro data shows that the eurozone economy is not doing so well.`
Having a quick look at the charts we can see a trend line break here.
So, you need to see more bad news now in terms of that whole narrative around gas supplies and potentially geopolitics for the euro to weaken beyond parity," Patel said. Nomura International strategists forecast that the euro could fall to as low as $0.95.
#NOTFINANCIALADVICE