Going Long EURUSD

28. Juli 2021

Now that the FED minutes and Powell's conference is almost over, it is fully clear, that they are not going to taper or raise rates anytime soon, Powell is ready to tolerate higher inflation for longer period of time. Next obvious price targets are 1.1880 and 1.19. Tomorrow's GDP might surprise to the upside, but any drop will be an opportunity to buy, same goes for the Fridays PCE.