Correction of the Euro | 22 March 2019

22 March 2019, EUR/USD

Correction of the Euro

EURUSD trading plan:

Do not be upset by the correction of the Euro. The value of the dollar will decline. The FOMC announced the purchase of Treasury bonds on Wednesday. FED buys bonds from October 1. The program to stimulate the economy always has a negative impact on the national currency. Investors are already beginning to take this factor into account in their expectations. Investors will sell American assets! Capital will be directed to other markets. Emerging market currencies are showing a strong uptrend this week. This is a bad signal for the U.S. dollar!

Trading recommendation: Buy 1.1369 and take profit 1.1420.

David Johnson
Analyst of «FreshForex» company
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