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Investors' concerns

Investors' concerns | 22 March 2023

22 March 2023, EUR/USD

EURUSD trading plan:

German investor sentiment tumbled in March as concerns about a new financial crisis ended a five-month streak of consecutive increases, the ZEW economic research institute said. "The international financial markets are under strong pressure," and the high level of uncertainty is reflected in the economic expectations, said ZEW President Achim Wambach. Investors' concerns about banking sector turbulence weighing on the economy are not unjustified, said VP Bank chief economist Thomas Gitzel. "The focus is less on the fear of further bank failures than on the question of whether banks on both sides of the Atlantic will now become even more restrictive," he said.

Investment idea: range 1.0735 - 1.0850.

David Johnson
Analyst of «FreshForex» company
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