Open Demo Account
Home / Market Update / Forex Market / The Euro Fell to Weekly Lows
Eurozone
Eurozone

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.

Tags

Check Also

US Dollar Surges as US-China Trade Optimism Fuels Market Rally

The US Dollar kicked off the trading week with a robust rally on May 13, …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends