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Energy crisis in Europe

Energy crisis in Europe | 05 September 2022

05 September 2022, EUR/USD

Energy crisis in Europe

EURUSD trading plan:

Europe was plunged deeper into crisis as Gazprom again halted its key gas pipeline indefinitely, a move decried by European politicians as an attempt to use energy as a weapon. Europe’s politicians have been bracing for the prospect of supply cuts for weeks, and scrambling to find ways to cut demand. With industry already shutting down and the euro sliding, the latest move only adds to the sense of urgency. The European Union said Gazprom was acting on “fallacious pretenses.” Siemens Energy, which makes the pipeline’s turbines, said what Gazprom had found didn’t justify cutting the gas, a view shared by Germany’s grid agency.

Investment idea: sell 0.9960 and take profit 0.9900.

David Johnson
Analyst of «FreshForex» company
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