According to Reuters, the president of the Dallas Federal Reserve Bank, R. Kaplan, said that he was concerned about excessive risk-taking by participants in the non-banking financial system. He added that these processes need more transparency. Kaplan also noted:
If the global economy grows more slowly, the U.S. economy will also grow more slowly than it could;
Vaccination is a major driver of economic development around the world.
The Analysis:
Provided that the currency pair is traded below 0.7206, follow the recommendations below:
Time frame: 30 min
Recommendation: short position
Entry point: 0.7179
Take Profit 1: 0.7139
Take Profit 2: 0.7121
Alternative scenario:
In case of breakout of the level 0.7206, follow the recommendations below:
Time frame: 30 min
Recommendation: long position
Entry point: 0.7206
Take Profit 1: 0.7236
Take Profit 2: 0.7254
Categories :
Tags :
