EURUSD – Up
EURUSD trading plan:
The ECB will keep interest rates high for an extended period and could even raise them again if needed, pushing back on some market bets that euro zone rates will start falling as soon as next spring. It was never expected that the ECB would call the end of the hiking cycle. For one, the inflation outlook remains far too uncertain to say this with confidence, and pre-emptively calling it quits could cost the ECB its credibility. Euro zone finance ministers agreed that fiscal policy should be restrictive next year to help the ECB curb inflation, while balancing the need for investment.
Investment idea: range 1.0615 -1.0715.
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