Bullish signal for the dollar | 19 April 2022

19 April 2022, EUR/USD

Bullish signal for the dollar

EURUSD trading plan:

The U.S. rate futures market has priced in a 96% chance of a 50 basis-point tightening at next month's Fed policy meeting, and about 215 basis points in cumulative rate increases in 2022, providing ample support for the dollar. The benchmark U.S. 10-year Treasury yield, meanwhile, touched a three-year high of 2.88%. Speculators' net long bets on the U.S. dollar fell for a second straight week, according to calculations by U.S. Commodity Futures Trading Commission data released. The value of the net long dollar position was $13.22 billion for the week ended April 15. This is a positive signal for the dollar.

Investment idea: sell 1.0809 and take profit 1.0749.

David Johnson
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus