EUR/USD could correct lower back to the 1.1170-80 area – ING EURUSD Banks
EUR/USD has taken off on the back of US disinflationary bets and a large unwinding of Dollar positions. Economists at ING analyze the pair’sIt seems difficult to build a strong counterargument to the bearish USD narrative at this stage and while some correction after a large and possibly overstretched move is possible, the near-term outlook may stay broadly bullish on EUR/USD.
EUR/USD may stabilise around 1.1200 today, or even correct lower back to the 1.1170-80 area in the currently highly volatile environment.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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