The path to the euro's recovery is likely to be bumpy. Four European Union countries already nicknamed the "mean four" in the media are to blame. They categorically refused to support the plan of Berlin and Paris to create a fund to help countries that were most affected by the coronavirus.
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Austria, the Netherlands, Denmark and Sweden decided to openly confront the difficult times of the pandemic because for the generosity of France and the Federal Republic of Germany they will have to pay first of all. However, in the current situation, the regulator (ECB) has no particular choice. And an antivirus fund will be established soon.
We believe that it's institution will give rise to signs of a recovery in the global and European economies, which in the end will create an opportunity for levels of the #EURUSD pair above 1.10.
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To preserve the chances of survival, Europe must prove that it is solidary and capable. On Wednesday, various options for supporting the economy will be considered. So tomorrow is a responsible trading day in all currencies associated with the Euro.
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Trade with the Fibo Group!
#fibogroup #forex #forexnews #economy #finance #trader #EU #antivirus #fund #covid19 #coronavirus
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Austria, the Netherlands, Denmark and Sweden decided to openly confront the difficult times of the pandemic because for the generosity of France and the Federal Republic of Germany they will have to pay first of all. However, in the current situation, the regulator (ECB) has no particular choice. And an antivirus fund will be established soon.
We believe that it's institution will give rise to signs of a recovery in the global and European economies, which in the end will create an opportunity for levels of the #EURUSD pair above 1.10.
========
To preserve the chances of survival, Europe must prove that it is solidary and capable. On Wednesday, various options for supporting the economy will be considered. So tomorrow is a responsible trading day in all currencies associated with the Euro.
========
Trade with the Fibo Group!
#fibogroup #forex #forexnews #economy #finance #trader #EU #antivirus #fund #covid19 #coronavirus
