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The inflation risks

The inflation risks | 23 February 2022

23 February 2022, EUR/USD

EURUSD trading plan:

German business morale improved in February across all sectors. The Ifo institute said its business climate index rose to 98.9 from an upwardly revised 96.0 in January, the highest level since August last year. The results of the February Ifo survey are a clear sign that the German economy will benefit massively from the easing of the coronavirus crisis in the coming months. The European Central Bank may need to end its bond buys sooner than earlier thought given mounting inflation risks, ECB policymaker Gaston Reinesch said, joining a growing number of rates-setters now openly discussing a curb in stimulus. This is a positive signal for the European currency.

Investment idea: buy 1.1310 and take profit 1.1355.

David Johnson
Analyst of «FreshForex» company
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