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ECB expect the economic recovery to continue

ECB expect the economic recovery to continue | 17 December 2021

17 December 2021, EUR/USD

ECB expect the economic recovery to continue

EURUSD trading plan:

In the first quarter of 2022, ECB expect to conduct net asset purchases under the pandemic emergency purchase programme (PEPP) at a slower pace than in the previous quarter. Central Bank will discontinue net asset purchases under the PEPP at the end of March 2022. ECB expect the economic recovery to continue, driven by robust domestic demand. The labour market is improving, with more people having jobs and fewer in job retention schemes. This supports the prospect of rising household income and consumption. The savings built up during the pandemic will also support consumption. The current fiscal and monetary policy support, together with a continued global recovery, should support growth.

Investment idea: buy 1.1315 and take profit 1.1370.

David Johnson
Analyst of «FreshForex» company
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