EURUSD : EURUSD exchange rate will increase sharply again
The euro continues to fall today. The IMF's latest report says the global economic recovery momentum is at risk. As a result of the pandemic, households have seen a significant decline in their savings, while facing rising prices.
The US economy continues to look strong and is expected to grow by 2.1% this year. However, the growth rate of the European Monetary Area (Eurozone) is only 0.7% and is held back by the German economy, which may contract by 0.5%. The IMF also predicts that interest rates will remain high, depleting borrowers and putting small and medium-sized businesses in a difficult situation.
The US economy continues to look strong and is expected to grow by 2.1% this year. However, the growth rate of the European Monetary Area (Eurozone) is only 0.7% and is held back by the German economy, which may contract by 0.5%. The IMF also predicts that interest rates will remain high, depleting borrowers and putting small and medium-sized businesses in a difficult situation.
✔️ TP: 1.0560
🚫 SL: 1.0500