The high mobility of the population in Europe | 23 Noviembre 2020

23 Noviembre 2020, EUR/USD

The high mobility of the population in Europe

EURUSD trading plan:

European countries are seeing less of a blow to activity than in the first wave of lockdowns after governments calibrated restrictions this time to limit the economic fallout. For comparison, mobility is around the same levels as seen in May. This is a positive signal for the Euro. The Fed's balance sheet increased by $67.66 billion over the past week, while a week earlier the figure rose by $17.93 billion. ECB assets increased by €36.57 billion over the past week, against €21.14 billion a week earlier. The Federal Reserve prints money faster than the ECB. This is a negative signal for the dollar.

Investment idea: Buy 1.1853 and take profit 1.1904.

David Johnson
Analyst of «FreshForex» company
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