18 April 2022, EUR/USD
EURUSD trading plan:
The European Central Bank is among the most cautious of major central banks. On Thursday, it stuck to plans to slowly unwind extraordinary stimulus, weighing worries over record-high inflation against the risk that the geopolitical tensions in Eastern Europe could drive the euro zone economy into recession. "We will maintain optionality, gradualism and flexibility in the conduct of our monetary policy," ECB President Christine Lagarde said. Lagarde largely avoided discussion of any rate hike, her comments that it could come "a week" or months after the end of bond buys suggest that policymakers could discuss the issue at their late July meeting. This is a negative signal for the European currency.
Investment idea: sell 1.0829 and take profit 1.0779.