The watershed for Europe | 14 Maret 2022

14 Maret 2022, EUR/USD

The watershed for Europe

EURUSD trading plan:

The European Central Bank will stop pumping money into financial markets this summer. ECB President Christine Lagarde said the war conflict was a "watershed for Europe", which would curb growth but boost inflation. The bank confirmed plans to wrap up its 1.85 trillion-euro Pandemic Emergency Purchase Programme at the end of the month and said purchases under the older and stricter Asset Purchase Programme will be smaller than previously planned. Bond buys in the third quarter will be "data-dependent", the ECB said, adding that the schedule could still be revised if the inflation outlook changes.

Investment idea: sell 1.0945 and take profit 1.0890.

David Johnson
Analyst of «FreshForex» company
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