Negative statistics from the Federal Reserve | 29 March 2021

29 March 2021, EUR/USD

Negative statistics from the Federal Reserve

EURUSD trading plan:

The median inflation projection of FOMC participants is 2.4 percent this year and declines to 2 percent next year before moving back up to 2.1 percent in 2023. Over the next few months, 12-month measures of inflation are expected to move temporarily above 2 percent longer-run goal, owing to a run of year-over-year comparisons with depressed service-sector prices recorded in the spring of 2020 and supply bottlenecks limiting how quickly production can respond in the near term. The Fed's balance sheet raised $26.1 billion in the last week to a new all-time high of $7.71 trillion. This is a negative signal for the dollar.

Investment idea: buy 1.1755 and take profit 1.1800.

David Johnson
Analyst of «FreshForex» company
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