Euro / U.S. DollarShort
EUR/USD more reasons why the price shall break below 1.2200
As we can see the price is moving back and forth in the last few hours but why to expect the uptrend might be capped and reverse direction to 1.2200 and below ?
1-Belarus-EU tensions put the the safety of commercial flights in EU at risk, and politically the sanctions applied from EU on Belarus is against EU upward momentum.
2-U.S.-Iran nuclear deal is in progress.
3-Germany and France announced fresh restrictions on travelers from U.K. due to the spread of Indian Coronavirus strain.
4-Germany suffered a 300 billion euros hit from fallout related to the coronavirus and the economic damage will take years to fix.
5-Eu tensions over the special status of Northern Ireland.
6-High stakes war of attrition between Brussels and Switzerland.
7-Half of American adults were fully vaccinated as of this week.
8-Rebound in U.S. travel is gaining steam.
9-EU labor market may recover more slowly from the pandemic than its economy, it will take until 2023 before the region's 3.5 million jobs lost in 2020 will be created.
CONC. YES THE FED BEING DOVISH COMBINED WITH HIGH INFLATION IS PLAYING A BIG ROLE TO THE APPRECIATION OF EUR BUT THE QUESTION IS WILL ALL OTHER FACTORS BE IGNORED BY INVESTORS? WILL THEY ALSO IGNORE THAT THE ECB IS HOLDING THE SAME DOVISH MONETARY POLICY AS WELL?
1-Belarus-EU tensions put the the safety of commercial flights in EU at risk, and politically the sanctions applied from EU on Belarus is against EU upward momentum.
2-U.S.-Iran nuclear deal is in progress.
3-Germany and France announced fresh restrictions on travelers from U.K. due to the spread of Indian Coronavirus strain.
4-Germany suffered a 300 billion euros hit from fallout related to the coronavirus and the economic damage will take years to fix.
5-Eu tensions over the special status of Northern Ireland.
6-High stakes war of attrition between Brussels and Switzerland.
7-Half of American adults were fully vaccinated as of this week.
8-Rebound in U.S. travel is gaining steam.
9-EU labor market may recover more slowly from the pandemic than its economy, it will take until 2023 before the region's 3.5 million jobs lost in 2020 will be created.
CONC. YES THE FED BEING DOVISH COMBINED WITH HIGH INFLATION IS PLAYING A BIG ROLE TO THE APPRECIATION OF EUR BUT THE QUESTION IS WILL ALL OTHER FACTORS BE IGNORED BY INVESTORS? WILL THEY ALSO IGNORE THAT THE ECB IS HOLDING THE SAME DOVISH MONETARY POLICY AS WELL?
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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.