The Federal Reserve monetary policy | 28 يناير 2021

EURUSD trading plan:

The Federal Reserve does not plan to change its monetary policy, which is negative for the dollar. The Federal Reserve will continue to increase its holdings of Treasury securities by at least $80 billion per month and of agency mortgage‑backed securities by at least $40 billion per month until substantial further progress has been made toward the Committee's maximum employment and price stability goals. These asset purchases help foster smooth market functioning and accommodative financial conditions, thereby supporting the flow of credit to households and businesses.

Investment idea: Buy 1.2080 and take profit 1.2134.