EUR/USD could drift down to 1.0400 in quiet markets – ING EURUSD Banks
trading has become more settled over the last week. Economists at ING note that the pair could move lower to 1.0400.“There is a case that last week's 1.0595 print was the corrective high in EUR/USD – we should know a lot more by next Wednesday evening after the FOMC meeting – and it will be interesting to see what the European Central Bank has to say on the 15th. to be slightly more aggressive in its quantitative tightening plans – so let's see.
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