The bullish rally in the Euro | 15 اكتوبر 2019
15 اكتوبر 2019, EUR/USD
EURUSD trading plan:
We are expecting a continuation of the bullish rally in the Euro. The Federal Reserve starts buying short-term United States government bonds today. The bond-buying program is designed for five and a half months at a rate of 60 billion dollars per month. The FOMC will primarily buy three-month Treasury bills. This process will cause a decrease in yield rates on short-term bonds. This is a negative signal for the U.S. currency! The U.S. dollar index that tracks the greenback against a basket of other currencies last traded at 98.10, down 0.23%.
Trading recommendation: Buy 1.1019 and take profit 1.1057.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
