FXStreet reports that economists at ING discuss EUR/USD prospects.

“The spread of the Delta variant may keep markets reluctant to unwind their defensive dollar trades in the week ahead. The silver lining here, which could limit the EUR downside, is that widely vaccinated eurozone countries are still refraining from imposing new draconian restrictions.”

“The expectation index of the German ZEW survey may fall for a third consecutive month, but the assessment of the current situation could continue to rise. Barring major surprises in the ZEW, and considering there are no other major data releases in the eurozone nor any scheduled ECB speakers, EUR/USD may break the lows (1.1750) of its recent trading range if the dollar draws some support from unstable risk sentiment.”