11 April 2023, EUR/USD
EURUSD trading plan:
Americans said last month that access to credit was at its toughest level in nearly a decade, as they also braced for higher levels of inflation over the next few years, a report from the New York Fed said. In the March Survey of Consumer Expectations, the bank found that the share of households who said credit is harder to get versus a year ago rose to the highest level in a survey that dates back to 2014. The bank’s report also said, respondents were more pessimistic about future credit availability as well, with the share of households expecting it will be harder to obtain credit a year from now also rising. Fed rate rises are by design intended to make credit more expensive, so the rise in households reporting trouble in getting loans is not surprising. That said, survey respondents said their current and future financial situations improved in March, amid expectations of both higher household incomes and spending.
Investment idea: buy 1.0868 and take profit 1.0947.
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