10 December 2021, EUR/USD
EURUSD trading plan:
The European Union needs to rethink its budget framework and alter deficit rules to encourage post-pandemic investment and foster growth as the world seeks to emerge from the COVID-19 crisis, French President Emmanuel Macron said. Berlin has for many years resisted weakening EU budget rules, but the new German coalition has signalled an openness to reform - something Macron and Germany's Olaf Scholz might discuss when they meet in Paris. The EU launched a review of its fiscal rule book in October to better reflect the new reality of higher public debt and the huge costs of transitioning to a net zero-emissions economy. The existing rules, known as the Stability and Growth Pact, were suspended during the coronavirus crisis until 2023 and member states are due to rework them over the course of 2022.
Investment idea: range 1.1245 -1.1335.
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