PlayAndrew

Euro falls towards the other support

FX:EURUSD   Euro / U.S. Dollar
The political crisis takes its toll on the euro. In Italy, Mateo Renzi's Viva Italia party seceded from the government while the PD doubts whether to give the Matarella government a chance. The government asked the Italian parliament to pass a major law on Friday, while the center-right opposition wants to speed up to see if there is still a government. If rejected, an election leads to the resignation of the government, which the center-right coalition has a lot to do with. While the other scenario in Holland the government resigned. While Biden's program to stimulate the economy exceeds 1,900 trillion and this will affect the dollar. The EU had a trade surplus of 23 billion euros.

The chart shows that the fall of the euro broke the support of 1.21166 which shows that there is a second support if the euro continues to fall which is 1.20

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.