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Lagarde reiterated the ECB's plan

Lagarde reiterated the ECB's plan | 20 January 2023

20 January 2023, EUR/USD

EURUSD trading plan:

European Central Bank president Christine Lagarde has warned that inflation figures remain "way too high" despite optimism that price growth may have recently peaked. Speaking at a panel at the World Economic Forum in Davos, Switzerland, Lagarde reiterated the ECB's plan to bring inflation in the euro zone back down to its 2% target through aggressive monetary policy decisions. The central bank has increased interest rates by a combined 250 basis points at its last four meetings as part of its ongoing fight to cool down red-hot inflation. This is a positive signal for the European currency.

Investment idea: buy 1.0810 and take profit 1.0910.

David Johnson
Analyst of «FreshForex» company
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