Kaplan: monetary policy needs to be adapted given the financial situation:
Expects the RCE to be overvalued, at least in 2021;
Uncertainty will remain;
Need to start discussing winding down on the back of progress in the economy and recovery from the pandemic.
Our Analysis:
Provided that the currency pair is traded above 1.2050, follow the recommendations below:
- Time frame: 30 min
- Recommendation: long position
- Entry point: 1.2074
- Take Profit 1: 1.2095
- Take Profit 2: 1.2115
Alternative scenario:
In case of breakdown of the level 1.2050, follow the recommendations below:
- Time frame: 30 min
- Recommendation: short position
- Entry point: 1.2050
- Take Profit 1: 1.2035
- Take Profit 2: 1.2015
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