Global demand for EURO falling
I compared EURO value to all major world economies outside of European Economic area (EEA) for an accurate evaluation of euro currency on global scale (USA, Canada, China, India, Japan, Russia, Ukraine, Brasil, Australia and South Korea).
And this is what we get in times of COVID crisis:
When COVID started in Wuhan and China international demand for EURO started to increase rapidly. Euro broke yearly ceiling.
But as COVID started to infect EU in March uncertainity started and now we broke the demand line and started a bearish trend which will continue as we broke and closed below April support S3 (below April value).
And this is what we get in times of COVID crisis:
When COVID started in Wuhan and China international demand for EURO started to increase rapidly. Euro broke yearly ceiling.
But as COVID started to infect EU in March uncertainity started and now we broke the demand line and started a bearish trend which will continue as we broke and closed below April support S3 (below April value).
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