A new wave of pandemic in the EU | 23 November 2021

23 November 2021, EUR/USD

A new wave of pandemic in the EU

EURUSD trading plan:

Austria became on Monday the first country in western Europe to reimpose lockdown since vaccines were rolled out. Germany will also need tighter restrictions to control a record-setting wave of infections, outgoing Chancellor Angela Merkel was quoted as saying. "We are in a highly dramatic situation. What is in place now is not sufficient," Merkel told leaders of her conservative CDU party in a meeting. German Health Minister Jens Spahn, urgently calling on people to get vaccinated, said he was certain that by the end of the winter everyone in Germany would be "vaccinated, recovered or dead". This is a negative signal for the European currency.

Investment idea: sell 1.1255 and take profit 1.1216.

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David Johnson
Analyst of «FreshForex» company
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