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The Federal Reserve is actively printing money

The Federal Reserve is actively printing money | 20 November 2020

20 November 2020, EUR/USD

EURUSD trading plan:

The Federal Reserve balance increased by $ 67.63 billion over the last week, while the week earlier the figure rose by $ 17.9 billion. The growth rate is accelerating, which is negative for the American currency. The Federal Reserve increased the volume of bond purchases, which contributed to the increase in assets on the balance sheet. M2 money supply renewed its historical maximum and reached $ 19.06 trillion. The growth rate still exceeds 25% and is at an all-time high. Such statistics indicate the development of an uptrend in this currency pair.

Trading recommendation: Buy 1.1875 and take profit 1.1921

David Johnson
Analyst of «FreshForex» company
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