The Fed said it will purchase $345 billion in Treasury securities | 30 Marzo 2020
30 Marzo 2020, EUR/USD
EURUSD trading plan:
We are expecting a bullish rally. The New York Fed said it will purchase $345 billion in Treasury securities this week. The Fed will buy $75 billion in Treasuries each day on Monday, Tuesday and Wednesday. It will make $60 billion in Treasury purchases per day on Thursday and Friday. The Federal Reserve is helping the economy fight the COVID-19. This is a positive signal for the European currency! A bullish rally in the precious metals market will provide additional support for the Euro, as the European currency and gold correlate.
Trading recommendation: Buy 1.1025 and take profit 1.1085.
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.
