EURUSD is very near of having a resolution, we can continue with the trend in blue or turn around strongly
At the time i think US is going to show better macroeconomics data than EUROPE because of the FED and the government reacting to the crisis so strong relatively talking, so maybe US became more attractive for investors. That means USD demand for better prospects
But maybe people thinks that USD debasement with all the stimulus from central bank is more profound in the long term, so that means that Euro maybe starting a long term UP Trend.
The cornerstone for Europe is Debt Mutualization in EURO zone, so people is willing to take more risk investing in euro countries because the risk of default is considerably less
Lets see!!!
regards
At the time i think US is going to show better macroeconomics data than EUROPE because of the FED and the government reacting to the crisis so strong relatively talking, so maybe US became more attractive for investors. That means USD demand for better prospects
But maybe people thinks that USD debasement with all the stimulus from central bank is more profound in the long term, so that means that Euro maybe starting a long term UP Trend.
The cornerstone for Europe is Debt Mutualization in EURO zone, so people is willing to take more risk investing in euro countries because the risk of default is considerably less
Lets see!!!
regards