11 August 2021, EUR/USD
EURUSD trading plan:
Improving U.S. economic data and a more hawkish tone from Federal Reserve officials have led markets to expect the central bank to begin tapering its asset purchases later this year, pushing up yields and supporting the dollar. The dollar was supported by rises in longer and shorter dated treasury yields which reached their highest levels since mid July, with yields on benchmark 10-year Treasury notes touching a five week high of 1.37%. The Delta variant of the new coronavirus is spreading quickly in many countries, raising fears about local travel restrictions, hurting the economic recovery. This is a negative signal for the dollar.
Investment idea: range 1.1675 -1.1760.
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