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EUR/USD analysis & trading plan to trade ECB monetary policy | Taper or no Taper? | Sep 9, 2021



5 comments

5 Comments


K Trade
K Trade
Sep 16, 2021

EUR/USD hit 1.1750.

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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.

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K Trade
K Trade
Sep 09, 2021

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.

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Replying to

I understand, but US Unemployment Claims came less than forecast, which is good for USD. And, there was no tapering in PEPP; so EUR/USD fell and erased the minor gain it had after 7:45 a.m. Press conference started, let's watch Ms. Lagarde. 😎

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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.

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