17 Agustus 2020, EUR/USD
EURUSD trading plan:
We have to sell a euro for two reasons. Firstly, three-month dollar interest rates rose to a six-day high on the London interbank lending market that signaling demand for the American currency from bankers. Secondly, the US Treasury will attract $62.48 billion from the market by the placement of treasury bonds, which is the maximum volume since July 31. A significant withdrawal of dollar liquidity will negatively affect the value of the euro.
Trading recommendation: Sell 1.1860 and take profit 1.1820.