21 Juli 2021, EUR/USD
EURUSD trading plan:
The yield on the benchmark 10-year note has plunged almost 30 basis points in a week after the Federal Reserve persuaded traders data for June released July 13 showing the biggest jump of U.S. consumer prices in 13 years was transitory. The downward move has been led by the longer end of the market, flattening the yield curve significantly. Reflecting the growth concerns, the gap between two-year and 10-year yields remains below 103 basis points, having been at 122 bps at the start of July. The two-year U.S. Treasury yield, which typically moves in step with interest rate expectations, was down 1.1 basis points at 0.20%. This is a negative signal for the dollar!
Investment idea: buy 1.1754 and take profit 1.1833.
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