Euro / U.S. DollarShort
EURUSD : The euro will continue to decline sharply
Updated
The euro continues to fall today. The European Central Bank (ECB) is calling for a complete ban on cashless payments in shops, government offices, hospitals, museums and other institutions across the eurozone.
The measure would make it illegal for businesses and public institutions to accept cash payments, reflecting the growing popularity of card-only transactions.
In an official statement on the European Union (EU) bill aimed at regulating the use of cash, the ECB said that the widespread adoption of a card-only payment policy would increase the importance of the euro as the official legal tender of the European Union. expressed concern that it may weaken. euro area. Legislation published in June is being considered to ensure the use of cash remains accessible and inclusive.
The measure would make it illegal for businesses and public institutions to accept cash payments, reflecting the growing popularity of card-only transactions.
In an official statement on the European Union (EU) bill aimed at regulating the use of cash, the ECB said that the widespread adoption of a card-only payment policy would increase the importance of the euro as the official legal tender of the European Union. expressed concern that it may weaken. euro area. Legislation published in June is being considered to ensure the use of cash remains accessible and inclusive.
Note
EURUSD BUY 1.0580 - 1.0570 🔼🔼✔️TP: 1.0610
🚫SL: 1.0550
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