11 Enero 2022, EUR/USD
EURUSD trading plan:
Lorie Logan, the head of the New York Fed's market operations and manager of the System Open Market Account, said the Fed used an "organic" process when it reduced its balance sheet in 2018 and 2019. Officials did not sell assets, choosing instead not to reinvest bond holdings as they matured and setting caps on the amount of bonds redeemed each month. "I think overall this process, that process of natural maturities rather than sales and caps to ensure a steady pace seemed to work quite well," Logan said during an interview posted with Macro Musings. The Fed will be monitoring markets closely it begins to shrink the balance sheet to look for signs that reserve levels are getting too low, Logan said.
Investment idea: sell 1.1355 and take profit 1.1305.