EURUSD Analysis mounthly Fram
Updated
The currencies of the euro and the dollar are the two most dominant and most traded currencies in the global economic field, so that's why their price behavior must be studied and analyzed to know the economic prospects of countries, so how can we predict their price behavior? and what are the possible expectations for the euro and the dollar?
Firstly, we can study the behavior of the currency through the global market by knowing the level of their trading, which allows experts to carry out basic and technical studies in order to analyze the price behavior of any currency, stock, raw material.... ect. So when we look at the euro-dollar market It seems that the price of the euro relative to the dollar is still taking a down trend since the beginning of the year 2020, we notice the price’s decline from 1.25587 to currently reach 1.09107 levels, while there are signs of its rise through slight reversal movements to the top, despite that the market remains in a swing phase in the field. Between the price point 1.25587 and 1.03607 over the last 8 years, which noted the approach of the trading price in the stock exchange to the price point 1.03607 which it is very likely to penetrate in light of the repercussions of the Russian-Ukrainian crisis.
So experts suggest that a breach of the 1.03607 price point may lead to a decline in the value of the euro relative to the dollar to unprecedented historical levels, which may cause lot of economic losses for European countries and companies.
Firstly, we can study the behavior of the currency through the global market by knowing the level of their trading, which allows experts to carry out basic and technical studies in order to analyze the price behavior of any currency, stock, raw material.... ect. So when we look at the euro-dollar market It seems that the price of the euro relative to the dollar is still taking a down trend since the beginning of the year 2020, we notice the price’s decline from 1.25587 to currently reach 1.09107 levels, while there are signs of its rise through slight reversal movements to the top, despite that the market remains in a swing phase in the field. Between the price point 1.25587 and 1.03607 over the last 8 years, which noted the approach of the trading price in the stock exchange to the price point 1.03607 which it is very likely to penetrate in light of the repercussions of the Russian-Ukrainian crisis.
So experts suggest that a breach of the 1.03607 price point may lead to a decline in the value of the euro relative to the dollar to unprecedented historical levels, which may cause lot of economic losses for European countries and companies.
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