The end of the political crisis in Italy | 15 February 2021

15 February 2021, EUR/USD

The end of the political crisis in Italy

EURUSD trading plan:

Italy’s head of state, President Sergio Mattarella, approved Mr. Draghi and his proposed ministers. Mr. Draghi is set to take over the European Union’s third-biggest economy after Germany’s and France’s as Italy fights with persistently high Covid-19 contagion, an agonizingly slow vaccine rollout and restrictions on daily life that are holding the economy in recession. Reviving economic growth in Italy is vital for the EU and its common currency, the euro, since Italy’s deep debts and chronically low growth are the biggest sources of doubt about the euro’s long-term stability.

Investment idea: Buy 1.2120 and take profit 1.2168.

David Johnson
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus