Good and bad factors | 14 2月 2022

14 2月 2022, EUR/USD

Good and bad factors

EURUSD trading plan:

The ECB opened the door to a rate increase later in 2022 and said that a March 10 meeting would be crucial in deciding how quickly the central bank would reduce its bond-buying scheme. The end of negative rates would mark a significant moment for euro zone markets, which have suffered persistent outflows and currency weakness. This is a positive signal for the European currency. U.S. consumer prices surged 7.5% last month on a year-over-year basis, topping economists' estimates of 7.3% and marking the biggest annual increase in inflation in 40 years, further adding to pressure on the Fed to raise rates more aggressively. This is a positive signal for the dollar.

Investment idea: range 1.1300 -1.1390.

David Johnson
Analyst of «FreshForex» company
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