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Euro, H4
No chance.
Compare data on the US and EU economies in September:
USA - the industry is small, but growing, the service sector is growing very confidently, the labor market is strong.
Europe - in Germany the industry is bubbling - activity is 40%, expectations are very weak.
The difference is in the energy sector - the United States is fully self-sufficient in both oil and gas * and is actively helping Europe with gas supplies) - and Europe is urgently getting off Russian gas dependence with enormous difficulties and costs. And this is against the backdrop of a global general slowdown in growth.
The euro, of course, jumped out from under the mark of 0.9600 - removing some oversold - but a new entry of the euro to the lows of the year is very likely - and that's where it is necessary to prepare long positions.
Now, in my opinion, it is not worth buying - shorts look more logical, especially from a rebound upwards.
¡Los informes analíticos de InstaForex lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaForex, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.
