Negative macroeconomic statistics from Europe | 07 Abril 2022

EURUSD trading plan:

Recession risks in the euro area are rising, with euro zone inflation seen running hot for the remainder of 2022. With the euro zone economy recovering, unemployment at a record low and nearly every other peer central bank now tightening policy, the ECB looks set to end its asset purchases this year and raise rates for the first time in well over a decade. Growth forecasts for 2022 in Germany, Europe's largest economy, were nearly halved to 2.2% from 4.0% in the previous quarterly poll in January. Expected growth in France and Italy were downgraded to 3.2% and 2.8% from 3.7% and 4.2%, respectively.

Investment idea: sell 1.0900 and take profit 1.0835.