EURUSD forexsignal : Drop to Parity Can’t Be Ruled Out
Enter your emailIt seems like bears are in the drivers’ seat and are targeting the parity level of 1.00.Timeline: 1-4 days.crashed to the lowest level in over 20 years as the outlook of the European economy worsened.
Germany is on the verge of approving almost $10 billion in bailout for Uniper, one of the biggest energy players in the country. It will also provide bailout funds to Handelsblatt, another leading energy company. As a result, there are concerns that the European economy will experience its worst slowdown in decades. For one, many companies in the region have achieved success mostly because of cheap commodities like natural gas from Russia.
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