Market news:
The European Central Bank expects prices to rise 2.9% over the next 12 months, up from 2.6% in February, according to a monthly survey released on Tuesday. This is the highest level since April 2024. The three-year indicator rose slightly to 2.5%. The ECB's first five-year forecast was 2.1%.
Technical analysis:
Today's buying and selling boundaries:
1.1391
Support and resistance levels:
1.1443
1.1424
1.1411
1.1372
1.1359
1.1340
Trading strategy:
If the price breaks through 1.1391, consider buying, the first target price is 1.1411
If the price breaks through 1.1372, consider selling, the first target price is 1.1359
The European Central Bank expects prices to rise 2.9% over the next 12 months, up from 2.6% in February, according to a monthly survey released on Tuesday. This is the highest level since April 2024. The three-year indicator rose slightly to 2.5%. The ECB's first five-year forecast was 2.1%.
Technical analysis:
Today's buying and selling boundaries:
1.1391
Support and resistance levels:
1.1443
1.1424
1.1411
1.1372
1.1359
1.1340
Trading strategy:
If the price breaks through 1.1391, consider buying, the first target price is 1.1411
If the price breaks through 1.1372, consider selling, the first target price is 1.1359
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.