EUR/USD analysis & trading plan to trade ECB monetary policy | Taper or no Taper? | Sep 9, 2021
- KeonConsultancy.com
- Sep 9, 2021
- 0 min read
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Return from psychological level of 3000 may give us a trading opportunity in Gold. Buyers may be taking profit and getting out, which may...
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EUR/USD hit 1.1750.
She told that current high inflation is temporary. So, we interpret that she doesn't need to taper PEPP anytime soon to counter this temporary inflation . We are more likely to see 1.1750. We entered sell at 1.18227.
If US Unemployment Claims come to be more than forecasted, and if ECB president Christine Lagarde seems hawkish and strongly optimistic about economic recovery during press conference; EUR/USD can rise up to 1.19 despite there is no significant change in number of interest rate and PEPP.
They said to slow the pace of Pandemic Emergency Purchase Programme (PEPP), however, the amount of PEPP remains the same. No significant move in EUR/USD now. All eyes on press conference at 8:30 a.m. NY time.