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BREAKING - EUR is plummeting!

EURO HAS FALLEN!

 

I REPEAT – EURO HAS FALLEN!

 

 

eurusd 30.09.2019

 

After the anticipated report of German economic data, euro did not withstand the pressure and plummeted lower than $1.09 level. It is the lowest point for euro since the beginning of May, 2017. That means that German economic data was so bad, that traders dropped the currency to the lowest level in 2.5 years!

 

Traders did not anticipate a move like that especially after euro reaching a multi-low last week. we were hoping to see more recovery after the critical level of $1.093 per euro was reached, but what we got instead is a log of trouble and a lot of uncertainty. There is no way to tell whether euro is going to keep on with the fall or we are going to see swift recovery, but it seems that the experts are leaning towards the first one more, sending the EUR into the selloff, which damages the currency even more.

 

All we need to know for now is that the fall was sudden and we didn’t really see it coming, with the recovery and all and that it is hard to say, whether euro is going to change direction or not.

 

TRADING SIGNALS can be found HERE! 

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