According to Reuters, St. Louis Fed President James Bullard said:
The U.S. may be approaching the end point of the pandemic, so then the focus can shift further to the subsequent monetary policy of the 'post-pandemic' era;
There is a 50% chance that the U.S. will enter the high productivity regime last seen in the mid-1990s;
The issue of MBS buying during the housing boom is a good topic once the Fed rolls out a broader discussion of rolling back QE.
Our Analysis:
Provided that the currency pair is traded below 1.2200, follow the recommendations below:
- Time frame: 30 min
- Recommendation: short position
- Entry point: 1.2177
- Take Profit 1: 1.2160
- Take Profit 2: 1.2145
Alternative scenario:
In case of breakout of the level 1.2200, follow the recommendations below:
- Time frame: 30 min
- Recommendation: long position
- Entry point: 1.2200
- Take Profit 1: 1.2230
- Take Profit 2: 1.2245
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