Despite the positive of Draghi's speeches yesterday, which pushed the
euro to close yesterday for the first time above the psychological
figure 1.2 and continued to rise today to break the annual summit and
the summit of Jadida at 1.2091But today the fundamental analysis and technical analysis provide several indicators of the beginning of the decline of the euroBasic AnalysisFirst,
we announce today the date of the referendum on the secession of
Catalonia from Spain on October 1. We know that any problem in any euro
country affects the euro very strongly. We remember the problems of
Greece, Portugal, and Cyprus. What is Spain, which is considered one of
the great powers of the euro? This secession will lead to losses in Spain's gross domestic product
as well as a deficit in the Spanish trade balance. The Catalan region
represents 26% of Spain's exports plus its tourist superiority over
Madrid. The most dangerous of all is that the referendum on secession is
repeated in other countries.Second, we have September 23 parliamentary elections in Germany but
Angela Merkel's party is dominant in the polls and there is great
confidence that the political situation in Germany will not change.Third: France's Minister of Commerce complained about the appreciation of the euro and the negative impact on exports
Technical AnalysisThe Euro hit today with a very important pivotal level, the second resistance level of the classical classical pepot, which is 1.2193 before touching that level which stopped at 1.2091 and started to end the day in the shape of the inverted hammer, which is a reflection pattern. Days is the candle Shoteng Star at the top close to the top of the day at 1.2069 and thus repeat two models reflective over the course of 9 days a dangerous warning by the end of the rising trend
usd index which hit today as it fell with the moving average 300 on the weekly 90.98 and the day's low at 0.91. Before the two-point crash,
the dollar started to rebound and closed the day's candlestick pattern.
Technical AnalysisThe Euro hit today with a very important pivotal level, the second resistance level of the classical classical pepot, which is 1.2193 before touching that level which stopped at 1.2091 and started to end the day in the shape of the inverted hammer, which is a reflection pattern. Days is the candle Shoteng Star at the top close to the top of the day at 1.2069 and thus repeat two models reflective over the course of 9 days a dangerous warning by the end of the rising trend
usd index which hit today as it fell with the moving average 300 on the weekly 90.98 and the day's low at 0.91. Before the two-point crash,
the dollar started to rebound and closed the day's candlestick pattern.
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