08 Oktober 2021, EUR/USD
EURUSD trading plan:
Euro area headline inflation is expected to have reached 3.4% in September according to the most recent flash estimate, its highest annual rate in more than a decade and notably above the ECB’s new symmetric target of 2% to be attained over the medium term. The recent rise in inflation, which was at least partly expected, has intensified the debate about the most likely future evolution of price pressures – in the euro area and elsewhere. It stands in sharp contrast to the developments observed over the past decade when structural headwinds prevented inflation from converging towards ECB target. The pandemic has added a whirlwind of short-term disruptions on top of these long-term trends.
Investment idea: range 1.1525 -1.1610.
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