The negative signal for the U.S. currency | 19 Maret 2020
19 Maret 2020, EUR/USD
USDJPY trading plan:
In the United States, the Federal Reserve rolled out its third emergency credit program in two days, aimed at keeping the $3.8 trillion money market mutual fund industry functioning if investors made rapid withdrawals. On Sunday, the Fed slashed interest rates to near zero and pledged hundreds of billions of dollars in asset purchases, while President Donald Trump's administration drew up a $1 trillion stimulus and rescue proposal. This is a negative signal for the U.S. currency.
Trading recommendation: Sell 109.10 and take profit 108.60.
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.
