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The Fed is continuing to print money

The Fed is continuing to print money | 23 August 2021

23 August 2021, EUR/USD

The Fed is continuing to print money

EURUSD trading plan:

Last week, investors were frightened by the Fed statements about a possible reduction of stimuli at the next meetings. Rhetorically, everything looks scary, but really, for some reason, everything is completely different. The Federal Reserve is continuing to print money and increasing the dollar liquidity surplus. The Fed has published the fresh statistics illustrated the change in assets on the balance sheet. Over the past week, the figure rose by $85.4 billion, against $22 billion a week earlier. This is a negative signal for the dollar.

Investment idea: buy 1.1698 and take profit 1.1751.

David Johnson
Analyst of «FreshForex» company
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