EUR/USD FUNDAMENTAL ANALYSIS 4/4/2021

>> Pandemic situation in EU <<

- France announces a four week lockdown
- Hungary having the world's highest death rate
- Germany halted the use of AstraZeneca vaccine for people under 60
- Italy prolonged curbs until April 30
- Slovakia is making a political change while uncertainty takes place over the Sputnik vaccine
- Myanmar passes through a civil war

>> ECB and economic outlook <<

- ECB to stop bond yields moving higher
- Inflation is below the bank's target level
- warns against sharp tilt when crisis passes
- Italy and France cut growth forecasts as new lockdowns start

>> ON THE OTHER HAND <<

- Italy to receive the EU's biggest pandemic recovery handout
- EU extends its goal of 100 million shots in the first 3 months of the year
- Austria to buy 1 million Sputnik vaccine
- Hungary to ease curbs
- Economic sentiment improved to pre-pandemic levels

>> Pandemic situation in the U.S

- U.S saw more than 3 million vaccine doses administered for the last 3 days
- 90% of adults will be eligible to get a vaccine in 3 weeks
- Inoculation industries see higher efficiency

>> FED and economic outlook <<

- U.S to reveal major spending plan with political battle ahead
- Developing plan to better coordinate with industry
- Bonds sell off supported and there is room to more selling

>> ON THE OTHER HAND <<

- CDC faces increasing desperation amid surge in cases
- 7 days average up 10 % from the previous week
- Hospitalization and death rise again
- Appeared to be on a similar trajectory to EU

>>>> THE MAJOR TREND ( 1.1880 - 11650 ) <<<<
>>>> THE MINOR TREND (1.1830 - 1.1700) <<<<

THE MAJOR TREND IS NOT DONE WITH TARGET PRICE

SELL LIMIT (1.1775)
STOP LOSS (1.1795)
TAKE PROFIT (1.1735)