- Analytics
- News and Tools
- Market News
- EUR/USD: Support at 1.15 is under pressure – Westpac
EUR/USD: Support at 1.15 is under pressure – Westpac
FXStreet reports that economists at Westpac discuss EUR/USD prospects.
“The surge in energy prices, notably regional gas, is now adding to concerns over supply constraints to weigh on both business and consumer expectations and so EUR has also faltered and continues to pressure range support.”
“It is critical to monitor how broader sentiment develops during the early stages of 4Q and at present that prospects appear to be continuing to weigh on expectations.”
“Although downside momentum may be lessening, EUR/USD support in the 1.1500 region looks increasingly under pressure and a break could extend EUR/USD slippage towards 1.12.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
