02 February 2022, EUR/USD
EURUSD trading plan:
It may be appropriate for the Federal Reserve to raise interest rates four times this year, and to move more aggressively if the factors leading to higher inflation, such as supply chain issues, are not mitigated, Philadelphia Fed President Patrick Harker said. Policymakers say they plan to raise interest rates in March, and to start reducing the Fed's balance sheet later this year, as they work to remove the accommodation provided to stabilize markets and the economy during the pandemic. He said he would like the Fed to start shrinking its bond holdings once interest rates are close to 1% or 1.25%, from today's near-zero levels. "That reduction is going to be steeper and faster than the last time we tried it," Harker said.
Investment idea: sell 1.1282 and take profit 1.1205.
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