27 September 2021, EUR/USD
EURUSD trading plan:
A rise in euro zone government bond yields continued on last week, with Germany’s benchmark yield hitting its highest since early July. An expectation of tighter ECB policy usually prompts investors to sell government bonds, meaning their prices go down and yields go up. Investors said that several European Central Bank policymakers expect higher inflation and see a case for ending its emergency bond-buying scheme in March. But the ECB is still seen as more dovish than its peers. ECB President Christine Lagarde said that many of the drivers of a recent spike in euro zone inflation are temporary.
Investment idea: buy 1.1711 and take profit 1.1769.