Good news from the Federal Reserve | 11 Junio 2020

EURUSD trading plan:

We are expecting an uptrend to develop. The Federal Reserve left its benchmark rate unchanged in the range of 0% to 0.25%. The low-rate environment will continue for some time, with policymakers backing rates to remain unchanged through 2022. The Fed's interest-rate outlook for 2020, 2021 and 2022 was lowered to 0.1% from previous projections in December of 1.6%, 1.9% and 2.1% respectively. To support the flow of credit to households and businesses, over coming months the Federal Reserve will increase its holdings of Treasury securities and agency residential and commercial mortgage-backed securities at least at the current pace to sustain smooth market functioning, thereby fostering effective transmission of monetary policy to broader financial conditions. This is a negative signal for the U.S. currency!

Trading recommendation: Buy 1.1360 and take profit 1.1425.