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Positive ECB forecasts

Positive ECB forecasts | 12 March 2021

12 March 2021, EUR/USD

Positive ECB forecasts

EURUSD trading plan:

The ECB Governing Council will continue to provide ample liquidity through its refinancing operations. In particular, the third series of targeted longer-term refinancing operations remains an attractive source of funding for banks, supporting bank lending to firms and households. This assessment is broadly reflected in the baseline scenario of the March 2021 ECB staff macroeconomic projections for the euro area. These projections foresee annual real GDP growth at 4.0 per cent in 2021, 4.1 per cent in 2022 and 2.1 per cent in 2023. This is a positive signal for the euro!

Investment idea: buy 1.1925 and take profit 1.1980.

David Johnson
Analyst of «FreshForex» company
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