17 March 2022, EUR/USD
EURUSD trading plan:
The Federal Reserve raised interest rates by a quarter of a percentage point and laid out an aggressive plan to push borrowing costs to restrictive levels by next year. Indicators of economic activity and employment have continued to strengthen. Job gains have been strong in recent months, and the unemployment rate has declined substantially. Inflation remains elevated, reflecting supply and demand imbalances related to the pandemic, higher energy prices, and broader price pressures. The U.S. central bank, in a surprise move, projected the equivalent of quarter-percentage-point rate increases at each of its six remaining policy meetings this year, which would push its benchmark overnight interest rate to a range between 1.75% to 2.00% by the end of 2022. It is projected to further rise to 2.80% by the end of next year, above the 2.40% level officials now feel would slow the economy.
Investment idea: sell 1.1052 and take profit 1.0954.
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