Negative forecasts from the ECB | 11 3月 2022

11 3月 2022, EUR/USD

Negative forecasts from the ECB

EURUSD trading plan:

The ECB interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.50% respectively. the Governing Council expects the key ECB interest rates to remain at their present levels until it sees inflation reaching 2% well ahead of the end of its projection horizon and durably for the rest of the projection horizon, and it judges that realized progress in underlying inflation is sufficiently advance. Monthly net purchases under the APP will amount to €40 billion in April, €30 billion in May and €20 billion in June. The calibration of net purchases for the third quarter will be data-dependent and reflect its evolving assessment of the outlook.

Investment idea: sell 1.1018 and take profit 1.0960.

David Johnson
Analyst of «FreshForex» company
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