Tuesday February 15 2022 $EURUSD FOREX Signal: Ahead of Eurozone GDP Data
Enter your emailThe path of the least resistance for the pair is to the downside.Timeline: 1-2 days.pair retreated sharply in the overnight session after a speech by Christine Lagarde in which she reiterated about ECB policy.
Recent data showed that the bloc’s economy is doing well, with inflation rising and the unemployment rate falling. For example, data published last week revealed that the headline consumer price index jumped to the highest level in decades. Later today, Olaf Scholz, the German chancellor, will hold negotiations with Putin on the way forward. He is expected to ask Putin to engage with diplomacy and then warn him about the impact of sanctions on his economy.
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