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June, 27 - EUR/USD is pushed by turbulence inside EU

Tough times are coming as USD is growing stronger and stronger. The growth is already felt by major assets and the longer we go the more likely it is that we are going to see major couples and major assets go lower. The effect of this is already visible with EUR/USD. The couple is aiming for the lowest point in a week even though there are no shakes in the regions except for Russia-related trouble in PACE. Seems that the conflict surrounding Russian comeback to PACE even despite its annexation of Crimea and war in the Eastern part of Ukraine is going to tear EU apart. And that might be the reason for the fall that we are seeing right now.

 

eurusd 27.06.2019

 

Climbing dollar and all of the troubles inside the EU couldn’t help but reflect in the performance of the most popular currency couple. And another thing that counts here is the fact that Germany is about to publish another set of economic data from the country. Traders have long lost faith in the economic strength of Germany and it is reflected in euro performance before each of the report coming out of the country.

 

Euro is surrounded by all of these troubles and it is doubtful that it is going to have the possibility to recover all on its own. Use trading signals and trade with caution.

 

 

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