04 Febrero 2021, EUR/USD
EURUSD trading plan:
The European Union's statistics office Eurostat estimated that consumer prices in the 19 countries sharing the euro rose 0.2% month-on-month in January for a 0.9% year-on-year jump, rebounding from a 0.3% year-on-year fall in December. The measure excluding these two volatile components, which the European Central Bank calls core inflation rose 1.4% on the year. The faster consumer price growth in January was mainly visible in the biggest economy Germany, where prices went up 1.6% on the year, and in the Netherlands, where they rose 1.7% year-on-year. This is likely to be welcome news for the European Central Bank, which wants to keep inflation below, but close to 2% percent but has been missing that target.
Investment idea: Buy 1.1995 and take profit 1.2040.
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