The ECB’s worries | 15 February 2023

EURUSD trading plan:

Euro zone employment surged more than expected to a new record high last quarter as a surprisingly resilient economy avoided a recession, pointing to greater underlying inflation pressures that could keep interest rates high for longer. The euro zone economy was expected to contract through the winter months but falling energy prices, a mild winter and unexpected flexibility in the economy propped up confidence, limiting damage for a bloc that still faces a difficult 2023. Growth in the 19 countries sharing the euro at the end of 2022 expanded 0.1% quarter-on-quarter for a 1.9% year-on-year rise, in line with a preliminary estimate on Jan 31, Eurostat said.

Investment idea: buy 1.0675 and take profit 1.0775.