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The end of the political crisis in Italy

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
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