The median inflation projection of FOMC | 16 December 2021

EURUSD trading plan:

The median inflation projection of FOMC participants falls from 5.3 percent this year to 2.6 percent next year; this trajectory is notably higher that projected in September. Supply and demand imbalances related to the pandemic and the reopening of the economy have continued to contribute to elevated levels of inflation. In particular, bottlenecks and supply constraints are limiting how quickly production can respond to higher demand in the near term. These problems have been larger and longer lasting than anticipated, exacerbated by waves of the virus. High inflation has a negative impact on the value of the dollar.

Investment idea: buy 1.1278 and take profit 1.1330.