11 Februari 2022, EUR/USD
EURUSD trading plan:
Euro zone inflation will return to trend without significant policy tightening by the European Central Bank as pandemic-related bottlenecks in goods as well as labour are resolved, the ECB's chief economist Philip Lane said. "Since bottlenecks will eventually be resolved, price pressures should abate and inflation return to its trend without a need for a significant adjustment in monetary policy," Lane said. "The logic underpinning a hold-steady approach to monetary policy is reinforced if the bottlenecks are primarily external in nature, caused by global disruptions in supply or a surge in global demand," he said. Lane was defending his long-held view that the current, record-high inflation rate in the euro zone was temporary in the face of mounting pressure on the ECB to raise interest rates, both from investors and policymakers.
Investment idea: sell 1.1401 and take profit 1.1347.
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