EUR/USD can consolidate around 1.8500/1.0900 – ING

Market news

19 January 2024

EUR/USD can consolidate around 1.8500/1.0900 – ING

EUR/USD tested yearly lows in the mid 1.0800-1.0900 range. Economists at ING analyze the world’s most popular currency pair outlook.

Markets were unmoved from the minutes of the December ECB meeting

Markets were unmoved from the minutes of the December European Central Bank (ECB) meeting on Thursday, in which members steered away from discussing rate cuts.

Today, the Eurozone calendar is empty, and we think EUR/USD can consolidate around 1.8500/1.0900.

See: FX market likely to be reluctant to trade EUR lower before ECB meeting – Commerzbank

EUR/GBP: 0.8640 could be the next big resistance – ING

India FX Reserves, USD: $618.94B (January 8) vs $617.3B

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.