Good and bad news | 05 Febrero 2021

05 Febrero 2021, EUR/USD

Good and bad news

EURUSD trading plan:

The greenback has been supported by a rise in longer-term U.S. Treasury yields, which came as traders positioned for massive fiscal spending. Democrats in the U.S. Senate were poised for a marathon vote session aimed at overriding Republican opposition to President Joe Biden's $1.9 trillion COVID-19 relief proposal. Westpac strategists see Europe's vaccine rollout accelerating by the end of this quarter, which, coupled with the Fed's commitment to ultra-loose monetary policy, will put pressure back on the dollar. A bullish rally in the oil market will have a positive impact on the value of the European currency, as the assets are correlated with each other.

Investment idea: range 1.1950 -1.2020.

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Invest-portfolio is an optimal tool for both beginners and experienced traders due to its high efficiency and low work efforts. This is the fifth portfolio developed by FreshForex specialists. In 2020, we proposed traders four investment portfolios, each of which demonstrated positive results. The total return was 71.5%.

2 steps to get the Invest-portfolio:

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David Johnson
Analyst of «FreshForex» company
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