Forwarded from Сергей Удутов
#eurusd
🇪🇺🇺🇸 Euro sale continues. The EUR/USD pair is again quoted below the 1.02 level and retains the potential for further decline.
1️⃣ The German economy is rapidly plunging into crisis, as evidenced by the dynamics of retail sales, which fell by 1.6% in July. In annual terms, the indicator has already lost 8.8%, which is an absolute anti-record in the entire history of observations.
2️⃣ Statistics for the Eurozone also show negative dynamics: the index of business activity in the industrial sector in July amounted to 49.8 points, which corresponds to the lows of 2020.
🇪🇺🇺🇸 Euro sale continues. The EUR/USD pair is again quoted below the 1.02 level and retains the potential for further decline.
1️⃣ The German economy is rapidly plunging into crisis, as evidenced by the dynamics of retail sales, which fell by 1.6% in July. In annual terms, the indicator has already lost 8.8%, which is an absolute anti-record in the entire history of observations.
2️⃣ Statistics for the Eurozone also show negative dynamics: the index of business activity in the industrial sector in July amounted to 49.8 points, which corresponds to the lows of 2020.
#FOREX #EURUSD
Euro parity again.
The infographic that I am attaching to the quotes shows that the main reason for high inflation in Europe is high energy prices (black line), which is why consumer prices subsequently rise (blue line).
Soon the ECB will raise its key rate, thus demonstrating its intention to fight the already almost double-digit inflation.
However, any competent economist understands that this will only push Europe into recession (decline in consumer demand) and lead to the collapse of the Eurozone, since the energy problem is primarily a political aspect, not a monetary one.
The countdown for old Europe is already underway, and the clowns in the governing bodies of the ECB and EU parliaments are only accelerating this process.
Technically, today we again saw the parity of the dollar and the euro. Locally, it is possible that a double bottom is formed on the pair from the global Gann angle.
The magnet in the red zone ~ 1.04000 is quite strong, so there is a rather big chance to see an increase to these levels.
Otherwise, I am still an apologist for the departure of the euro well below parity in the medium term.
The first medium-term target zone is the blue Gann angle ~ 0.97000
After that, I assume that the actual collapse of the Eurozone will begin and acceleration will go to levels much lower. Next - the splitting of the euro as a currency.
*This post is not an investment or trading recommendation
Euro parity again.
The infographic that I am attaching to the quotes shows that the main reason for high inflation in Europe is high energy prices (black line), which is why consumer prices subsequently rise (blue line).
Soon the ECB will raise its key rate, thus demonstrating its intention to fight the already almost double-digit inflation.
However, any competent economist understands that this will only push Europe into recession (decline in consumer demand) and lead to the collapse of the Eurozone, since the energy problem is primarily a political aspect, not a monetary one.
The countdown for old Europe is already underway, and the clowns in the governing bodies of the ECB and EU parliaments are only accelerating this process.
Technically, today we again saw the parity of the dollar and the euro. Locally, it is possible that a double bottom is formed on the pair from the global Gann angle.
The magnet in the red zone ~ 1.04000 is quite strong, so there is a rather big chance to see an increase to these levels.
Otherwise, I am still an apologist for the departure of the euro well below parity in the medium term.
The first medium-term target zone is the blue Gann angle ~ 0.97000
After that, I assume that the actual collapse of the Eurozone will begin and acceleration will go to levels much lower. Next - the splitting of the euro as a currency.
*This post is not an investment or trading recommendation
Forwarded from Serg Udutov
Forwarded from Serg Udutov
#eurusd
🇪🇺🇺🇸 EUR/USD hits more than 20-year lows and is being quoted at 0.9925.
❗️ Pressure on the euro continues to be exerted by an unprecedented increase in gas prices, which could trigger a full-fledged energy crisis in Europe. At the end of last week, representatives of Gazprom announced that the company would suspend gas supplies via Nord Stream 1 for three days at the end of August, explaining this decision by the need for preventive repairs on the only remaining turbine. Market participants fear that the operation of the gas pipeline will never resume.😱
📉 Analysts recommend shorting EUR/USD with a target of 0.9800.
🇪🇺🇺🇸 EUR/USD hits more than 20-year lows and is being quoted at 0.9925.
❗️ Pressure on the euro continues to be exerted by an unprecedented increase in gas prices, which could trigger a full-fledged energy crisis in Europe. At the end of last week, representatives of Gazprom announced that the company would suspend gas supplies via Nord Stream 1 for three days at the end of August, explaining this decision by the need for preventive repairs on the only remaining turbine. Market participants fear that the operation of the gas pipeline will never resume.😱
📉 Analysts recommend shorting EUR/USD with a target of 0.9800.
#FOREX #EURUSD
Евро не удаётся пробить угол, а растущая годовая инфляция усугубляет положение для ЕС.
Сегодня вышли данные по инфляции в Еврозоне - она ускорилась до рекордных 9,1% с 8,9% месяцем ранее.
Этот экономический и политический блок продолжает пребывать в положения цугцванга: Такой дикий разгон инфляции вынуждает ЕЦБ уже скоро повысить ставку, но закредитованность Испании, Португалии, Италии и других южных стран Европы не позволяет её поднимать из-за зашкаливающего риска дефолта в таком случае.
У меня нет сомнений уже давно, Евросоюз скоро распадётся. И уйдет на это не так много времени, как кажется.
Технически, евро после двойного дна не может пробить красный угол Ганна. Мы наблюдаем как пара несколько раз его тестировала, после чего сползала вниз.
Вероятно, что EURUSD стремится к своему глобальному магниту на уровне 0.97000
*Данный пост не является инвестиционной и торговой рекомендацией.
Евро не удаётся пробить угол, а растущая годовая инфляция усугубляет положение для ЕС.
Сегодня вышли данные по инфляции в Еврозоне - она ускорилась до рекордных 9,1% с 8,9% месяцем ранее.
Этот экономический и политический блок продолжает пребывать в положения цугцванга: Такой дикий разгон инфляции вынуждает ЕЦБ уже скоро повысить ставку, но закредитованность Испании, Португалии, Италии и других южных стран Европы не позволяет её поднимать из-за зашкаливающего риска дефолта в таком случае.
У меня нет сомнений уже давно, Евросоюз скоро распадётся. И уйдет на это не так много времени, как кажется.
Технически, евро после двойного дна не может пробить красный угол Ганна. Мы наблюдаем как пара несколько раз его тестировала, после чего сползала вниз.
Вероятно, что EURUSD стремится к своему глобальному магниту на уровне 0.97000
*Данный пост не является инвестиционной и торговой рекомендацией.
Forwarded from Serg Udutov
#FOREX #EURUSD
The euro is failing to break the corner and rising annual inflation is making matters worse for the EU.
Today released data on inflation in the Eurozone - it accelerated to a record 9.1% from 8.9% a month earlier.
This economic and political bloc continues to be in a zugzwang position: Such a wild acceleration of inflation forces the ECB to raise the rate soon, but the debt load of Spain, Portugal, Italy and other southern European countries does not allow it to be raised due to the overwhelming risk of default in this case.
I have no doubts for a long time, the European Union will soon disintegrate. And it won't take as long as it seems.
Technically, the euro can't break the Gann red corner after a double bottom. We watch as the couple tested it several times, after which they slid down.
It is likely that EURUSD is heading towards its global magnet at 0.97000
*This post is not an investment recommendation or a trading recommendation.
The euro is failing to break the corner and rising annual inflation is making matters worse for the EU.
Today released data on inflation in the Eurozone - it accelerated to a record 9.1% from 8.9% a month earlier.
This economic and political bloc continues to be in a zugzwang position: Such a wild acceleration of inflation forces the ECB to raise the rate soon, but the debt load of Spain, Portugal, Italy and other southern European countries does not allow it to be raised due to the overwhelming risk of default in this case.
I have no doubts for a long time, the European Union will soon disintegrate. And it won't take as long as it seems.
Technically, the euro can't break the Gann red corner after a double bottom. We watch as the couple tested it several times, after which they slid down.
It is likely that EURUSD is heading towards its global magnet at 0.97000
*This post is not an investment recommendation or a trading recommendation.
Forwarded from Serg Udutov
#eurusd
🇪🇺🇺🇸 The EUR/USD pair is declining during the trading session on Wednesday and is being quoted at 0.9990.
❗️ Sales of the euro intensified against the backdrop of the development of the energy crisis in the EU. As of today, Gazprom has completely suspended gas supplies to Europe. The EU authorities have initiated an urgent meeting of energy ministers on September 9 to discuss emergency steps to change the situation with a sharp increase in fuel prices.
📣 The head of the European Commission, Ursula von der Leyen, announced work on the reform of the Eurozone electricity market in order to minimize dependence on imports. Be that as it may, this does not make it any easier for European consumers. Gas prices are making new highs, as is inflation in Europe.
📉 Analysts recommend holding “short” positions on the EUR/USD pair with a target of 0.9800.
✅Trade using FreshForex web version.
🇪🇺🇺🇸 The EUR/USD pair is declining during the trading session on Wednesday and is being quoted at 0.9990.
❗️ Sales of the euro intensified against the backdrop of the development of the energy crisis in the EU. As of today, Gazprom has completely suspended gas supplies to Europe. The EU authorities have initiated an urgent meeting of energy ministers on September 9 to discuss emergency steps to change the situation with a sharp increase in fuel prices.
📣 The head of the European Commission, Ursula von der Leyen, announced work on the reform of the Eurozone electricity market in order to minimize dependence on imports. Be that as it may, this does not make it any easier for European consumers. Gas prices are making new highs, as is inflation in Europe.
📉 Analysts recommend holding “short” positions on the EUR/USD pair with a target of 0.9800.
✅Trade using FreshForex web version.
Forwarded from Serg Udutov