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Stability of the European banking system

Stability of the European banking system | 01 March 2021

01 March 2021, EUR/USD

EURUSD trading plan:

The euro area bank lending survey confirms that high loan demand of firms was accommodated by banks, which met the demand for bridge financing despite the rapid worsening of economic prospects in the second quarter of 2020. Over this period, credit standards on loans to both large firms and SMEs remained broadly unchanged or tightened only moderately. Monetary, supervisory and fiscal policies have been central to supporting bank lending conditions since the onset of the pandemic in terms of volumes and lending rates, which are around historically low levels for both firms and households.

Investment idea: buy 1.2075 and take profit 1.2125.

David Johnson
Analyst of «FreshForex» company
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