Positive dynamics euro/dollar three-month swaps | 08 Abril 2020

08 Abril 2020, EUR/USD

Positive dynamics euro/dollar three-month swaps

EURUSD trading plan:

Good news for the European currency. The euro/dollar three-month swaps widened considerably in favor of the euro to nearly 63 basis points, the highest spread since for the last 15 years. FED has taken the creation of a standing repo facility for foreign central banks, all this unprecedented action has created a glut of dollars. This is a positive signal for the European currency! We are expecting a bullish rally in the oil market after the OPEC + summit. This factor will provide additional support for the European currency.

Trading recommendation: Buy 1.0835 and take profit 1.0901.

David Johnson
Analyst of «FreshForex» company
¿De acuerdo con la revisión?
Opinión de los comerciantes:
Close
Iniciar sesión
Su navegador no admite cookies. Si la cookie está desactivada en su navegador de Internet, es posible que tenga problemas con la representación del área Personal. Cómo habilitar el soporte para cookies.