Position Details Only
- Entry: Buy EUR/CHF at 0.9700
- Stop Loss: 0.9648
Euro Buying Reaction as ECB Raises Inflation Forecast
The ECB raised the inflation forecast in its staff economic outlook, despite the expected 25 basis points rate cut. The updated forecast shows higher inflation projections for 2024-2025, while the growth forecast for 2024 was revised upward but lowered for 2025. This has led to speculation that inflation will persist, driving EUR buying.
This post is Half of all our entry and 5 mins late.
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