Correction of the Euro | 22 Marzo 2019
22 Marzo 2019, EUR/USD
EURUSD trading plan:
Do not be upset by the correction of the Euro. The value of the dollar will decline. The FOMC announced the purchase of Treasury bonds on Wednesday. FED buys bonds from October 1. The program to stimulate the economy always has a negative impact on the national currency. Investors are already beginning to take this factor into account in their expectations. Investors will sell American assets! Capital will be directed to other markets. Emerging market currencies are showing a strong uptrend this week. This is a bad signal for the U.S. dollar!
Trading recommendation: Buy 1.1369 and take profit 1.1420.
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.
