14 Mei 2021, EUR/USD
EURUSD trading plan:
The market jitters over accelerating U.S. inflation were calmed by Federal Reserve officials reiterating that price pressures from the reopening of the economy would prove transitory. Data on Wednesday showed annual U.S. consumer prices unexpectedly raised the most in over a decade, prompting markets to wager on earlier policy tightening and sending stock markets tumbling. However, the reassurance from Fed officials about the transitory nature of inflation has for now stemmed the euro sell-off. The US Federal Reserve has published fresh statistics on the change in assets on the balance sheet. The indicator grew by $20.1 billion, renewed the all-time high, which is $7.83 trillion now. This is a negative signal for the dollar.
Investment idea: buy 1.2110 and take profit 1.2180.