The bullish rally | 04 Maret 2020
04 Maret 2020, EUR/USD
EURUSD trading plan:
We are expecting the bullish rally to continue! The Board of Governors of the Federal Reserve System voted unanimously to set the interest rate paid on required and excess reserve balances at 1.10 percent, effective March 4, 2020. Federal Reserve's non-reserve liabilities, the Committee directs the Desk to continue purchasing Treasury bills at least into the second quarter of 2020 to maintain over time ample reserve balances at or above the level that prevailed in early September 2019. This is a negative signal for the dollar!
Trading recommendation: Buy 1.1150 and take profit 1.1181.
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.
