The Fed said it will purchase $345 billion in Treasury securities | 30 Maret 2020

30 Maret 2020, EUR/USD

The Fed said it will purchase $345 billion in Treasury securities

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.

David Johnson
Analyst of «FreshForex» company
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