Long EUR/USD

Following the Jobless Claims Data I would like to give my thoughts on the next moves in the markets and FX pairs such as EUR/USD.


It is obvious that the virus is still here. New uproars of the virus in US states are threatening to the recovery. However I believe that because we are seeing stabilisation of indicators such as Jobless claims and Retail in America , and a uptick in some indicators in European markets. There will be a sharp recovery in the next few months. Statements and Analyst predictions put too much pressure on the markets. Overall We are improving and because of this I see a much better risk appetite moving forward.

This is not financial Advice. Please do DD and RM.