Were you hoping for euro to recover as the new week began? Well, bad news for you then – it seems that the time for European recovery is yet to come and it might as well not come this week at all as with the beginning of the week, European currency hit another point which is going to be deemed one of the worst and lowest points in a year. Euro is on very weak legs when compared to other main world currencies and it seems that it is all thanks to the bad aftertaste left by bad performance of German economy.
But what else can influence the performance of euro? Well, euro usually loses points when the situation in the word markets becomes unbearable and when risk hunger gets replaced by the search for safe havens. And that is also what is happening right now. Traders are getting tired of instability and the selloff of the most unstable, even if it is a major currency, becomes inevitable. What are we to do next – well, some say sell and run, but everything is not that cut out and dry. There is still the possibility to earn, even when the main economy of the region lets us down.
For starters we can use trading signals and see how we can profit from the situation. And trust me – we still can.