The foundation of the European Union is once again being put to the test.

After rising populist movements across major EU countries such as the Netherlands, France, Italy and Germany and Brexit vote last year the European Union is to face off another challenge, called Catalonia Independence Referendum.

The regional government in Catalonia remains deaf to Spanish government calls to abort their intention to hold an independence referendum, an event which is scheduled to take place on October 1, 2017.

Catalonian officials remain adamant to hold the referendum despite the latest polls which showed that the majority in Catalonia does not want to secede from Spain.

Financial markets will certainly not remain immune to the latest developments in Spain.

The euro currency, which is still under negative pressure due to last Sunday’s Federal Election in Germany, will be given no time to rest up.

What’s next for EUR/USD? Don’t miss out on this top trading opportunity!

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