03 апреля 2020, EUR/USD
EURUSD trading plan:
We are expecting an uptrend to develop. The cost of raising U.S. dollar funds swaps market stabilized, with premiums favoring the yen and euro suggesting that demand for the greenback had receded from earlier in the coronavirus pandemic. The euro/dollar three-month swaps widened considerably in favor of the euro to nearly 59 basis points, the highest spread since for the last 15 years. FED has taken the creation of a standing repo facility for foreign central banks, all this unprecedented action has created a glut of dollars. This is a positive signal for the European currency!
Trading recommendation: Buy 1.0815 and take profit 1.0900.
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