Good and bad signals | 25 Oktober 2021

25 Oktober 2021, EUR/USD

Good and bad signals

EURUSD trading plan:

Euro zone business activity growth slowed sharply to a six-month low in October amid increasing supply bottlenecks and ongoing COVID-19 concerns, dropping most markedly in manufacturing though also cooling in services. Survey-record price increases were meanwhile reported as firms sought to pass an unprecedented rise in costs on to customers. These worries have once again hit the consumer-facing travel, tourism and recreation sectors in particular. This is a negative signal for the European currency. A bullish rally in the oil market will have a positive impact on the value of the European currency, as assets correlate with each other. Oil bulls scored a ninth straight winning week as market attention again turned to the three-year lows in inventories at the U.S. storage hub for crude.

Investment idea: range 1.1600 – 1.1685.

David Johnson
Analyst of «FreshForex» company
Setuju dengan review?
opini pedagang:
Close
Masuk
Browser Anda tidak mendukung kue. Jika cookie dinonaktifkan di browser Internet Anda, Anda mungkin memiliki masalah dengan render daerah Pribadi. Cara mengaktifkan dukungan cookie.
manager photo manager photo
Online-support
Dengan senang hati, kami akan menjawab pertanyaan Anda

Tulis

Get bonus