The Fed is continuing to print money | 23 Agosto 2021
23 Agosto 2021, EUR/USD
EURUSD trading plan:
Last week, investors were frightened by the Fed statements about a possible reduction of stimuli at the next meetings. Rhetorically, everything looks scary, but really, for some reason, everything is completely different. The Federal Reserve is continuing to print money and increasing the dollar liquidity surplus. The Fed has published the fresh statistics illustrated the change in assets on the balance sheet. Over the past week, the figure rose by $85.4 billion, against $22 billion a week earlier. This is a negative signal for the dollar.
Investment idea: buy 1.1698 and take profit 1.1751.
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.
