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20.09.201908:08 Forex Analysis & Reviews: Trading plan for EURUSD on 09/20/2019

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The world's main central banks have decided on their policy in recent weeks. The ECB lowered the rate to minus 0.5% and introduced a liquidity injection program of 20 billion euros per month. However, the loans offered by the ECB are not in demand among eurozone banks. The Fed also lowered the rate by 0.25% to 1.875%. However, the comment was that there would probably be no new reduction in the Fed rate. Of course, if the situation in the economy does not deteriorate significantly.

EURUSD: consolidation continues under the upper limit of the range, which probably indicates an attempt to break up.

We buy from 1.1077.

We sell from 1.0925.

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