The dollar's attraction was further boosted | 23 Marzo 2021

23 Marzo 2021, EUR/USD

The dollar's attraction was further boosted

EURUSD trading plan:

The dollar's attraction was further boosted as U.S. Federal Reserve officials appeared to tolerate recent rises in yields. U.S. bond yields could rise further as the market may try to find out where the pain threshold for the Fed is. Demand for U.S. Treasuries will be tested this week as $183 billion of notes are due to is auctioned, with one seven-year note sale likely to be closely watched after an auction of that maturity stumbled last month. The U.S. Treasury Department has increased debt issuance dramatically in the last year to finance stimulus measures to combat economic fallout from the COVID-19 pandemic. Issuance in 2021 is slated to rise to $4 trillion.

Investment idea: sell 1.1945 and take profit 1.1910.

David Johnson
Analyst of «FreshForex» company
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