The negative situation for the American currency | 20 يوليو 2020
20 يوليو 2020, EUR/USD
EURUSD trading plan:
US bankers no longer apply to the Federal Reserve for short-term refinancing. The last 9 days, REPO auctions are recognized as not held due to the lack of bids - this is the maximum period this year. It is negative for the dollar, because it signals an excess of dollar liquidity in the banking system. There is a negative situation for the American currency in the interbank lending market in London. The three-month Libor rate, which is the benchmark for the European market, updated the four-year low. We are expecting an uptrend to develop.
Trading recommendation: Buy 1.1440 and take profit 1.1495.
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.
