The soft monetary policy of the ECB | 01 Julio 2021

EURUSD trading plan:

The soft monetary policy of the ECB has a negative impact on the value of the euro. The European Central Bank, during its last meeting on June 10, announced its readiness to increase the emission of euros to buy assets of the Eurozone countries before the end of the second quarter. The ECB plans to maintain a soft financial environment to accelerate the growth of the European economy. The monetary regulator will weekly increase the volume of the euro in the financial system. Against this background, we expect significant growth in the ECB's balance sheet, which is already higher than in the US and Great Britain.

Investment idea: sell 1.1855 and take profit 1.1820.