14 April 2021, EUR/USD
EURUSD trading plan:
US consumer prices rose more than expected on both a monthly and year-over-year basis. The year-over-year increase from 1.7% to 2.6% was impressive, but just above forecast. The gasoline price index surged 9.1% in March, which was half of the seasonally adjusted increase in the all items index. It is unlikely that inflation will run out of control this year as the U.S. economy rebounds from the COVID-19 crisis, and if it does, the Federal Reserve has the tools to deal with it, Philadelphia Fed Bank President Patrick Harker said. Fed officials want inflation to run above the central bank’s 2% target over the longer term to make up for extended periods of price changes running below the desired level, he said. This is a negative factor for the dollar!
Investment idea: buy 1.1927 and take profit 1.1990.
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