The Fed prints money much faster than the ECB | 26 April 2021
26 April 2021, EUR/USD
EURUSD trading plan:
The US Federal Reserve has published fresh statistics on the change in assets on the balance sheet. Assets increased by $27.8 billion over the past week. The ECB has published fresh statistics on the change in assets on the balance sheet. The indicator increased by €7.93 billion over the week, against €20.15 billion a week earlier. The growth rate has reduced to a minimum in the last 4 weeks, which is positive for the euro. Since the Fed prints money much faster than the ECB, this is a negative signal for the dollar.
Investment idea: buy 1.2082 and take profit 1.2130.
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.
