EUR/USD reversed quite sharply from a high of 1.0970 yesterday. The first run at 1.10 failure reinforces ING’s forecast over this next quarter.
EUR/USD probably hovers around the 1.0900 area today
“Price action yesterday tentatively confirms our thinking for EUR/USD over this next quarter. Despite the building macro negatives for the Dollar, we suspect a challenging risk environment can keep EUR/USD bouncing around in a 1.05-1.10 range.”
“EUR/USD probably hovers around the 1.0900 area today.”