Euro is dangerously close to the line

Geopolitics and growing risks of a constitutional crisis weigh on the EUR/USD

If the greenback is strengthening amid the rally of the US stock indexes, how deep could the EUR/USD drop if the S&P 500 trend turns down? The buyers of stocks are not discouraged by the bad news from Germany about s surge in the new cases of coronavirus as the economy was partially reopened, growing pessimism about the recovery of the US GDP, or by a potential escalation of the US-China trade war. Besides, the euro is pressed down by the turmoil in the EU judicial system that might result…<br /><p>Read full author’s opinion and review in blog of #LiteForex</p>