EUR/USD: Opportunities for traders - speculation at lows and price rises, Turbo Long from Morgan Stanley (MD65UK)

EUR/USD: Opportunities for traders - speculation at lows and price rises, Turbo Long from Morgan Stanley (MD65UK)

According to a report from finanzen.net, the EUR/USD currency pair has lost significant value in recent months. However, the price has so far stabilized at the USD 1,050 support. There is speculation about a possible upward countermovement if the recovery continues.

As an economic expert, I would like to add that the EUR/USD rate is closely linked to economic development in Europe and the USA. Currently, European economies are under pressure from relaxed lockdown measures due to the COVID-19 pandemic. This has led to weakened economic performance and had a negative impact on the euro.

On the other hand, the US economy has benefited from broader vaccination progress and recorded stronger growth. Expectations of a rapid recovery in the US economy have strengthened the US dollar.

If there is a recovery in EUR/USD and the price breaks above $1.073, the 50-EMA on the weekly chart, this could be an indicator of a stronger recovery. In this scenario, the euro could increase in value and the dollar could decrease in value.

However, the situation remains uncertain for the time being and it is also possible that the price will remain below the 50 EMA and continue to decline in the long term, especially if the euro falls below the Ichimoku cloud.

The potential impact of these developments on the market, consumer and industry could be as follows:

• Markt: Eine Erholung des EUR/USD-Kurses könnte zu verstärkten Aktivitäten im Devisenhandel führen, da Händler von steigenden Kursen profitieren möchten. Auch die Preise von Exportgütern und Importgütern könnten durch die Wechselkursentwicklung beeinflusst werden.

• Consumers: A recovery in the euro could cause imports to become more expensive for consumers, while exports could become more attractive. This can have an impact on the prices of imported goods, particularly those that respond to the dollar price index.

• Industry: Companies that are heavily involved in exports could benefit from a recovery in the euro as their products become more competitive on the international market. On the other hand, companies that rely heavily on imports could face higher costs.

It should be noted that foreign exchange markets can be very volatile and difficult to predict. It is therefore recommended to conduct an in-depth analysis and not rely solely on a forecast.

Source: According to a report by finanzen.net, https://www.finanzen.net/nachrichten/certificates/trading-idee-trading-idee-eur-usd-gegenmovement-nach-kursrutsch-12967717