Can EUR/USD test decent resistance at 1.0765? – ING

Market news

9 November 2023

Can EUR/USD test decent resistance at 1.0765? – ING

EUR/USD is enjoying a brief foray above 1.0700. Economists at ING analyze the pair’s outlook.

ECB speakers unlikely to move the needle on EUR/USD

Investors do not seem to be listening to the threat of one last European Central Bank rate hike, where instead 80 bps+ of easing is priced in 2024.

We doubt ECB speakers today will move the needle on EUR/USD and the best hope of slightly higher spot prices probably comes from the US weekly claims data.

For today, let's see whether EUR/USD can test decent resistance at 1.0765.

Support is set at 1.0650/1.0660.

Euro hovers around 1.0700 ahead of Fed Powell, ECB Lagarde speeches

USD/CHF retraces recent losses, hovers around 0.9000

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