EURUSD – Reduction of dollar liquidity

28.11.2022

Important events today:

US: Treasury auctions.

During the day, we should expect European currency quotations to decline amid the reduction of dollar liquidity in the financial system. Today, the U.S. Treasury Department will hold a series of Treasury bond auctions totaling $99 billion, which will be the highest this month.

U.S. investors will return to active trading today after a long weekend and will also want to win back this factor, as buying EURUSD near the five-month high may not be interesting, and after a technical correction, buyers may return to the market.

Recommendations: Sell 1.0429/1.0460 and TP 1.0325.