30 Maret 2020, EUR/USD
EURUSD trading plan:
We are expecting a bullish rally. The New York Fed said it will purchase $345 billion in Treasury securities this week. The Fed will buy $75 billion in Treasuries each day on Monday, Tuesday and Wednesday. It will make $60 billion in Treasury purchases per day on Thursday and Friday. The Federal Reserve is helping the economy fight the COVID-19. This is a positive signal for the European currency! A bullish rally in the precious metals market will provide additional support for the Euro, as the European currency and gold correlate.
Trading recommendation: Buy 1.1025 and take profit 1.1085.