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EU consumers are already suffering from rising prices

EU consumers are already suffering from rising prices | 08 June 2022

08 June 2022, EUR/USD

EURUSD trading plan:

Investor morale in the euro zone rose more than expected in June. Sentix's index for the euro zone rose to -15.8 points in June from -22.6 in May, which had been the weakest figure since June 2020. "As impressive as the improvement in the situation and expectations values may appear at first glance, this is unlikely to mark a turnaround," Sentix Managing Director Manfred Huebner said in a statement. While consumers are already suffering from rising prices, many companies have been able to pass on their sharply rising costs to their customers and benefited from people rushing to buy goods and services before price increases, Huebner said.

Investment idea: sell 1.0725 and take profit 1.0660.

David Johnson
Analyst of «FreshForex» company
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