15 April 2021, EUR/USD
EURUSD trading plan:
The euro zone economy is still standing on the «two crutches» of monetary and fiscal stimulus and these cannot be taken away until it makes a full recovery, European Central Bank President Christine Lagarde said. «Think of a patient which is out of a deep crisis but still on two crutches», Lagarde said. «You don’t want to remove crutch, the fiscal or the monetary, until the patient can actually walk fine, and to do that means support well into the recovery». In March, the ECB upped the pace of its Pandemic Emergency Purchase Programme to stem a rise in bond yields and keep credit cheap for governments, companies and households impacted by the COVID-19.
Investment idea: buy 1.1956 and take profit 1.2000.
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