15 октября 2019, EUR/USD
EURUSD trading plan:
We are expecting a continuation of the bullish rally in the Euro. The Federal Reserve starts buying short-term United States government bonds today. The bond-buying program is designed for five and a half months at a rate of 60 billion dollars per month. The FOMC will primarily buy three-month Treasury bills. This process will cause a decrease in yield rates on short-term bonds. This is a negative signal for the U.S. currency! The U.S. dollar index that tracks the greenback against a basket of other currencies last traded at 98.10, down 0.23%.
Trading recommendation: Buy 1.1019 and take profit 1.1057.
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