According to the President of the St. Louis Federal Reserve Bank J. Bullard in an interview with the Financial Times (FT):
The control of the yield curve is the last in the list of priorities of the Fed.
We're still in the middle of a crisis.
The threat of a financial crisis persists.
Without an effective policy, we could get a wave of bankruptcies, which could provoke a financial crisis.
It is necessary to make sure that the markets will not enter a state of complete freezing.
The Committee expects [rates] to remain low, markets expect us to do the same.
Our Analysis:
Provided that the currency pair is traded above 1.1265, follow the recommendations below:
- Time frame: 30 min
- Recommendation: long position
- Entry point: 1.1285
- Take Profit 1: 1.1300
- Take Profit 2: 1.1315
Alternative scenario:
In case of breakdown of the level 1.1265, follow the recommendations below:
- Time frame: 30 min
- Recommendation: short position
- Entry point: 1.1265
- Take Profit 1: 1.1240
- Take Profit 2: 1.220
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