29 December 2021, EUR/USD
EURUSD trading plan:
Two-year Treasury yields hit almost two-year highs, following tepid demand for an auction of the notes on Monday, while longer-dated yields ended little changed on the day after demand for new five-year notes was also soft. Two-year note yields, which are highly sensitive to interest rate shifts, have risen to the highest level since March 2020 as expectations increase that the Federal Reserve is closer to raising rates as the U.S. economy rebounds from COVID-19-related shutdowns and inflation surges. The yield curve between two-year and 10-year notes flattened as far as 71 basis points, the smallest yield gap since Nov. 23. This is a positive signal for the dollar.
Investment idea: sell 1.1330 and take profit 1.1290.
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