Breaking: EUR/USD dips under 1.0200 interestingly since December 2002

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Following a concise combination stage, EUR/USD went areas of strength for under strain during the European exchanging hours and dipped under 1.0200 interestingly since December 2002.

The pair is now down almost 3% starting from the start of July. Financial backers develop progressively worried over the energy emergency making the European economy tip into downturn before the year’s end. Prior in the day, the information distributed by Eurostat uncovered that Retail Sales in May rose by 0.2% consistently, missing the market assumption for an increment of 0.4%.

Despite the fact that chance streams appear to have returned on Wednesday with Norway’s administration mediating to stop the strikes in the energy area, the common money is struggling with tracking down interest.

Later in the day, the ISM Services PMI report from the US will be viewed for new catalyst. Later in the day, the US Federal Reserve will deliver the minutes of the FOMC’s June strategy meeting.

EUR/USD four-hour chart

About the author

Nafees Saifi // entrepreneur, author, trainer, and stocks and FX trader. 
Nafees Saifi is a professional FX trader from, India. Nafees has extensive experience trading commodities, bonds, and equity futures in the Asian, European, and US markets. Nafees holds a Bachelor of Finance and Economics degree and is focused heavily on Investment Finance and Quantitative Analysis.


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