Activating OMT | 26 Marzo 2020
26 Marzo 2020, EUR/USD
EURUSD trading plan:
We are expecting a bullish rally. European Central Bank is open to activating their most powerful bond-buying tool if needed to help the region’s coronavirus-hit economy. Activating OMT -- which is contingent on countries securing access to Europe’s bailout fund -- would benefit euro-area members whose strained public finances risk limiting their ability to cushion the blow of the coronavirus pandemic. This is a positive signal for the European currency!
Trading recommendation: Buy 1.0885 and take profit 1.0963.
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.
