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The stimulating monetary policy of the ECB

The stimulating monetary policy of the ECB | 19 June 2019

19 June 2019, EUR/USD

The stimulating monetary policy of the ECB

EURUSD trading plan:

Inflation in the Euro zone slowed to 1.2% in May, the lowest rate in more than a year. Prices slowed despite a record increase in euro zone wage costs in the first quarter of the year. The ECB will need to ease policy again, possibly through new rate cuts or asset purchases, if inflation does not head back to its target, said ECB President Mario Draghi. This is a negative signal for the Euro and a positive signal for the European stock markets. The stimulating monetary policy of the ECB wills positive affect the cost of European equities. We are expecting bullish rally #DAX30 and testing of the maximum level of 2019 (12447).

Trading recommendation: Sell 1.1220 and take profit 1.1180.

David Johnson
Analyst of «FreshForex» company
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