Daily Market Analysis 28.09.2022: EURUSD

Instrument: EURUSD+

Technical Analysis

Bullish Preference:  
Buy position is envisaged if price trades above 0.96043 with take profit at  0.96454
Bearish Preference: 
Sell position is envisaged if price trades below 0.95270 with take profit at 0.94859
3:00pm USD    Pending Home Sales m/m
3:10pm USD FOMC Member Bullard Speaks
3:15pm USD    Fed Chair Powell Speaks

EUR/USD fell 0.5% to 0.9545, not far off from its recent 20-year trough of 0.9528, with the single currency weighed by the recent escalation of the Eurozone’s energy crisis. Russian gas monopoly Gazprom (MCX:GAZP) said late Tuesday that it may seek to add the Ukrainian gas pipeline operator Naftogaz Ukrainy to Russia’s list of sanctioned entities, likely cutting off almost all of its remaining supplies to the EU. This followed accusations of sabotage directed at Moscow after major leaks into the Baltic Sea from two Russian gas pipelines at the center of an energy standoff. Consumer sentiment in Germany is expected to slump to a fresh record low in.

Analysis: SCRUM Team

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