EURUSD is extremely vulnerable, will it fall into the abyss?

The probability of recession is higher in Europe than in the United States. Europe is now facing the biggest problem is actually energy problems and food problems. And the United States' energy and food security are better than Europe. In addition, the United States is a little more resilient than Europe.

Europe's economy is the most affected by this time. First, its recovery is not as resilient as the United States, and its economic growth itself is not good. Second, if the region is hit by the double blow of energy and food prices, it is likely to enter a state of recession. This shows that the euro is likely to fall to the level of parity with the dollar.

If the dollar continues to rise due to interest rate hike expectations, the probability of the euro breaking down will also increase greatly.