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The Federal Reserve is increasing its stimulus program

The Federal Reserve is increasing its stimulus program | 24 March 2020

24 March 2020, EUR/USD

The Federal Reserve is increasing its stimulus program

EURUSD trading plan:

We are expecting an uptrend to develop. The Federal Reserve is increasing its stimulus program. This is a positive factor for the European currency. The Federal Reserve will continue to purchase Treasury securities and agency mortgage-backed securities in the amounts needed to support smooth market functioning and effective transmission of monetary policy to broader financial conditions. The Committee will include purchases of agency commercial mortgage-backed securities in its agency mortgage-backed security purchases.

Trading recommendation: Buy 1.0800 and take profit 1.0880.

David Johnson
Analyst of «FreshForex» company
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