FX.co ★ EURUSD: entry points

EURUSD H4 scale

Reasons for the euro's fall:

1. The Federal Reserve raises rates, the European Central Bank is clearly behind both in speed and in the long run.

2. The EU economy is heading for a recession - the situation in the EU is much worse than in the US, because high inflation and falling demand against this background are superimposed by a severe European gas crisis. Europe will not die, it will cope - but the economy will have to pay for it with a recession.

3. The euro falls on expectations of a tightening of the Fed in Powell's statements in Jackson Hole this coming Friday.

Arguments for the euro? Only one: the euro has already fallen heavily.

We buy the euro in case of an upward breakthrough of 0.9965, stop 0.9900, profit at least 100 points