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The outlook for the EU economy is brightening

The outlook for the EU economy is brightening | 22 June 2021

22 June 2021, EUR/USD

The outlook for the EU economy is brightening

EURUSD trading plan:

The health situation and economic prospects across Europe have improved on the back of significant progress in vaccinations − with more than 100 million people in the European Union now fully vaccinated. The outlook for the economy is indeed brightening as the pandemic situation improves, the vaccination campaigns progress, and confidence begins to rise. ECB expect economic activity to accelerate as of this quarter amid support from fiscal and monetary stimulus and a vigorous bounce-back of services activity in particular, which has been hardest hit by the pandemic and associated containment measures. Manufacturing production remains robust.

Investment idea: buy 1.1880 and take profit 1.1955.

David Johnson
Analyst of «FreshForex» company
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