The Euro’s Free Fall

The euro depreciated further and its value is now close to parity with the U.S. dollar. The region’s energy crisis and recession fears have sent the common currency into a tailspin and if there is no change in Europe’s tactic towards its energy crisis, the euro is going to remain in free fall.

Daily Forex and DAX Signals for today 12/7/22:

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EUR/USD

Long @ 1.0065

Short @ 0.9985

GBP/USD

Long @ 1.1875

Short @ 1.1840

DAX® (GER30)

Long @ 12770

Short @ 12690

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