Euro will determine its own fate

Fundamental Euro forecast for today
The bulls on EUR/USD have a lot of trump cards, both external and internal
When Chinese media say that promoting a healthy bull market after a pandemic is more important to the economy than ever, you can buy indefinitely. Although the growth of Shanghai Composite Index by 14% over 5 trading days reminds pessimists of a growing bubble similar to the that of August 2015. In fact, leverage is now half as much, PBOC's liquidity control is tighter, and faith in a V-shaped economic recovery of China is a strong argument in favour of the longs.

What is good for China is good for the eurozone. The export-oriented economy of the euro bloc experienced serious difficulties during the Beijing and Washington trade wars in 2018-2019, which led to a weakened euro. The pandemic has changed a lot. China dealt with COVID-19 quite some time ago, and now Europe can count on the growth of external demand as the Chinese GDP returns to the trend.
Dynamics of stock indexes

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