Negative dynamics of the credit market | 17 أغسطس 2020
17 أغسطس 2020, EUR/USD
EURUSD trading plan:
We have to sell a euro for two reasons. Firstly, three-month dollar interest rates rose to a six-day high on the London interbank lending market that signaling demand for the American currency from bankers. Secondly, the US Treasury will attract $62.48 billion from the market by the placement of treasury bonds, which is the maximum volume since July 31. A significant withdrawal of dollar liquidity will negatively affect the value of the euro.
Trading recommendation: Sell 1.1860 and take profit 1.1820.
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.
