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The Euro Fell to Weekly Lows

Adel 16 September, 2021 3:16 pm Forex Market, Market Update

EUR/USD is revisiting weekly lows at 1.1770 with selling bias around the Euro. No major support levels until 2021 lows of 1.1660. The euro currently trades at $1.1764.

On the other hand, Deutsche Rohstof believes that the average price of the euro for 2022 will be $1.20, which is lower than the previous vision of $1.22. Deutsche Rohstof expects revenue to be between €98 million and €106 million next year.

“The guidance continues to be based on an expected average oil price of USD60/barrel for the full year 2022 and a slightly higher gas price (Henry Hub) of USD3.0/mcf (previously USD2.75). The EUR/USD exchange rate is assumed to be 1.20 (previously 1.22),” Deutsche Rohstoff said Thursday.

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