Record growth in the Fed balance sheet | 19 Febrero 2021
19 Febrero 2021, EUR/USD
EURUSD trading plan:
The US Federal Reserve has published fresh statistics on the change in assets on the balance sheet. Assets increased by $115.17 billion over the past week, due to a significant increase in purchases of treasury and mortgage bonds. The Fed balance has renewed its historical maximum, which is negative for the dollar. The ECB's balance has grown by €24.66 billion over the last week. The Fed is buying up more assets, which is positive for the EURUSD pair.
Investment idea: Buy 1.2087 and take profit 1.2140.
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