U.S. Treasuries sold off again | 15 Maret 2021

EURUSD trading plan:

Market participants have grown weary in recent days that there could be a spike in inflation caused by massive fiscal stimulus and pent-up consumer demand when economies reopen from their COVID-19 lockdowns. Although soft U.S. CPI data on Wednesday went some way to calm those fears, U.S. Treasuries sold off again, with the 10-year yield rising above 1.64%. This is a positive signal for the dollar. The European Central Bank said on Thursday that it would increase the pace of its money printing to prevent a rise in euro zone bond yields. This is a negative signal for the euro.

Investment idea: sell 1.1946 and take profit 1.1905.