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The European Union's Recovery Fund

The European Union's Recovery Fund | 09 April 2021

09 April 2021, EUR/USD

The European Union's Recovery Fund

EURUSD trading plan:

European Central Bank board member Isabel Schnabel has warned against attempts to block the European Union's Recovery Fund, saying such a step would be an «economic disaster for Europe». Schnabel also raised concerns regarding potential threats for the financial markets caused by the activities of hedge funds. «The increase in public debt is inevitable and sensible in the face of this crisis of the century, as long as the expenditures sustainably boost growth», she said in an interview published today. This is a positive signal for the European currency.

Investment idea: buy 1.1883 and take profit 1.1932.

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David Johnson
Analyst of «FreshForex» company
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