07 June 2022, EUR/USD
EURUSD trading plan:
The European Central Bank will begin a new era of monetary policy this week as officials complete their pivot to confront the threat of inflation running out of control. While consumer prices surging at more than four times the 2% goal are alarming enough, it’s the outlook beyond the immediate term that will underpin the shift. Their projections are likely to show inflation won’t drop below the target again through 2024. Lagarde charted a course out of subzero rates by October in a return to more “normal” settings. But despite the ECB acting much more slowly than its peers, some still fret that it’s moving too rapidly as the continent’s pandemic rebound runs up against the price shock and dwindling confidence over the war.
Investment idea: sell 1.0725 and take profit 1.0650.
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