The market is looking towards the Jackson Hole | 20 Agosto 2021
20 Agosto 2021, EUR/USD
EURUSD trading plan:
Ongoing uncertainty caused by rising COVID-19 cases globally and the relentless spread of the Delta variant should be supportive for gold, which tends to rise in periods of uncertainty. This is a positive signal for the European currency, since assets are correlated with each other. U.S. Federal Reserve could begin easing stimulus this year, as minutes from its July meeting seemed to suggest. The market is now looking towards the Jackson Hole meeting of central bankers on Aug. 26-28 for further clues as to the Fed’s direction. This is a positive signal for the dollar.
Investment idea: range 1.1625 -1.1720.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
