EURUSD will the Euro finally take the 1.10 level for good?
I am definitely long Euro for mid- long term.
The EU with all its problems have much better social systems in place than the USA which will help them to faster recover from the Covid pandemic. Unemployment numbers did not even close skyrocket as much in the EU as they did in the US and it does not seem the lost jobs in the US will come back soon. And if they do, most of them will be to reduced salaries or temporary work and/or Gig-jobs. And this uncertainty for employees will lead to much less speeding and much slower (if at all) recovery of the national economy.
Therefore i am just looking for good levels to stock up my Euro 'swing' long position.
The EU with all its problems have much better social systems in place than the USA which will help them to faster recover from the Covid pandemic. Unemployment numbers did not even close skyrocket as much in the EU as they did in the US and it does not seem the lost jobs in the US will come back soon. And if they do, most of them will be to reduced salaries or temporary work and/or Gig-jobs. And this uncertainty for employees will lead to much less speeding and much slower (if at all) recovery of the national economy.
Therefore i am just looking for good levels to stock up my Euro 'swing' long position.