Euro Dollar 2 Week timeframe.
Disclaimer. I understand that in a period of instability, especially during a war, it may seem useless to make forecasts, but since the market has become a part of our life, I will continue.
Factors that point to a further fall in the euro.
Europe's sanctions against Russia obviously harm Europe itself more than Russia. Gas costs already $3600, oil 140+. German Finance Minister Christian Lindner already opposed the embargo on the purchase of Russian oil, coal and gas.
Thus, if Europe continues to cut the branch on which it sits itself, it will destroy its own economy, and it will take decades to restore.
Now let's move on to the technical analysis.
I used a non-standard 2-week timeframe, we see that we are in an accumulation pattern, and probably in phase C. Today there was a reaction to the POC, although it was rather weak.
I am counting on a test of the 1.133 zone, and then it will be clear if we break it, we will go higher, and if not, we will go to test 1.06.
Disclaimer. I understand that in a period of instability, especially during a war, it may seem useless to make forecasts, but since the market has become a part of our life, I will continue.
Factors that point to a further fall in the euro.
Europe's sanctions against Russia obviously harm Europe itself more than Russia. Gas costs already $3600, oil 140+. German Finance Minister Christian Lindner already opposed the embargo on the purchase of Russian oil, coal and gas.
Thus, if Europe continues to cut the branch on which it sits itself, it will destroy its own economy, and it will take decades to restore.
Now let's move on to the technical analysis.
I used a non-standard 2-week timeframe, we see that we are in an accumulation pattern, and probably in phase C. Today there was a reaction to the POC, although it was rather weak.
I am counting on a test of the 1.133 zone, and then it will be clear if we break it, we will go higher, and if not, we will go to test 1.06.