29 November 2021, EUR/USD
EURUSD trading plan:
The European Central Bank still plans to end its emergency bond purchases in March despite threats from a new variant of the coronavirus and rising infections, the ECB's top two officials said. "PEPP will end as planned with a size of 1.85 trillion euros at the end of March," de Guindos told an event in Spain. "We will discuss the alternatives in December." Lagarde also said in an interview with the Frankfurter Allgemeine Zeitung published on Friday that she expected to stop adding to PEPP's bond stash in early 2022. Inflation in the euro zone hit 4.1% last month but the ECB expects it to fall below its 2% goal in 2023. "We've got a differentiating factor, which is vaccination," de Guindos said. He added the economy had shown an ability to adjust to the pandemic and predicted the euro zone economy would grow by around 5% this year and strongly next year too.
Investment idea: buy 1.1250 and take profit 1.1300.
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