The EUR/USD will soon resume its downward path.
Prolonged periods of lockdown in Europe, due to growing fears of a third wave of Covid-19, weigh dramatically on the Eurozone’s growth expectations.
There is a risk in another summer season of 'canceled' holidays, which will have a particularly serious impact on the economies of Southern Europe.
Figure 1 (see link below) shows that the restrictions have been much stricter in most European countries than in the United States (according to the Stringency index), and this is leading to a large divergence of growth expectations.
https://cdn.shopify.com/s/files/1/0065/8856/3508/files/49318052-16179130712174962_origin_480x480.png?v=1618485762
In addition, we have also seen that the vaccination schedule is particularly slow in Europe amid slow regulatory approvals and uncertainty about deliveries. In the U.S.A, 40% of the population has already been vaccinated (with the first and second dose) in Europe, only 10%.
Shortly I'll open a sell position on EUR/USD with my platform (see link below), which provides me with excellent conditions on this instrument, with a margin required to open our position of only 0.33%.
cdn.shopify.com...659_480x480.jpg?v=16186676...
Below, you'll find information on how to follow me.
Prolonged periods of lockdown in Europe, due to growing fears of a third wave of Covid-19, weigh dramatically on the Eurozone’s growth expectations.
There is a risk in another summer season of 'canceled' holidays, which will have a particularly serious impact on the economies of Southern Europe.
Figure 1 (see link below) shows that the restrictions have been much stricter in most European countries than in the United States (according to the Stringency index), and this is leading to a large divergence of growth expectations.
https://cdn.shopify.com/s/files/1/0065/8856/3508/files/49318052-16179130712174962_origin_480x480.png?v=1618485762
In addition, we have also seen that the vaccination schedule is particularly slow in Europe amid slow regulatory approvals and uncertainty about deliveries. In the U.S.A, 40% of the population has already been vaccinated (with the first and second dose) in Europe, only 10%.
Shortly I'll open a sell position on EUR/USD with my platform (see link below), which provides me with excellent conditions on this instrument, with a margin required to open our position of only 0.33%.
cdn.shopify.com...659_480x480.jpg?v=16186676...
Below, you'll find information on how to follow me.