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New lockdown in Germany

New lockdown in Germany | 15 December 2020

15 December 2020, EUR/USD

New lockdown in Germany

EURUSD trading plan:

Germany's decision to tighten a second coronavirus lockdown has increased the risk of another recession in Europe's largest economy. Chancellor Angela Merkel and state leaders agreed on Sunday to shut most stores from Wednesday until at least January 10 to reverse a tide of COVID-19 infections that lighter restrictions introduced on November 2 have failed to tame. Under the stricter rules, only essential shops such as supermarkets and pharmacies, as well as banks, can remain open from Dec. 16. Hair salons, beauty salons, and tattoo parlours will also have to shut.

Investment idea: range 1.2120 -1.2180.

David Johnson
Analyst of «FreshForex» company
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