EURUSD – Up
EURUSD trading plan:
Investor morale in the euro zone improved in November, the first time it rose in three months, reflecting hopes that recent warmer temperatures and falling energy prices will prevent gas rationing on the continent this winter, a fresh survey showed. Sentix’s index for the euro zone rose to -30.9 points in November from -38.3 in October. The expectations index also bounced back from -41.0 to -32.3, the highest level since June 2022, the survey said. Calling the uptick „not a trend reversal“, Sentix Managing Director Manfred Huebner said in a statement that „the rise in situation and expectation values shows how sensitively investors react in their economic expectations to signals from the energy market.“
Investment idea: buy 0.9970 and take profit 1.0040.
You may check other analytical reviews on FreshForex website. Source: freshforex.com.
