17 October 2022, EUR/USD
EURUSD trading plan:
The euro zone posted in August its largest trade deficit since it expanded to 19 countries in 2015, as high energy prices boosted its import bill, official estimates released. The European Union's statistics office Eurostat said that the euro zone's balance for trade in goods with the rest of the world in August was in the red by nearly 51 billion euros, the highest deficit ever recorded by the bloc since Lithuania joined it in January 2015 to become its 19th member. The deficit ballooned from July when it stood at 34 billion euros, marking the tenth consecutive month of a negative balance, in what is a major shift for the trade bloc which has historically recorded large surpluses. The switch from surplus to deficit is largely the result of the bloc's soaring bill for imports of energy.
Investment idea: sell 0.9790 and take profit 0.9740.
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