EUR / USD. The world economy is moving towards a recession, and many in Europe depend on how well EU leaders can hold negative trends. This is not just about how the political situation will develop in EU countries, and not just about how the ECB will behave in an effort to stabilize the economic situation in the euro area, but also about how, for example, US vs. China trade negotiations will end and what President Trump's attitude After that.
Many analysts believe that today the European Union is prepared for a global economic recession and external attacks that are worse than other economic blocks.
Last week bringing the euro back in the 15% down channel and 70% from experts and supported by graphical analysis on H4 believe that the European currency will continue to surrender in its position to fall to the lowest zone of 201 1.1175 to 1.1185. Only 30% of analysts expect the pair will be able to return to 1.1325
At the same time attention must be given to the US GDP data which will be published on Friday April 26. According to estimates, GDP growth will only be 1.8% which is significantly lower than the previous value of 2.2%. If this prediction turns out to be true bulls can move the pair to the next target at 1.1420