EUR/USD registered small daily gains on Tuesday but struggled to gather bullish momentum. Economists at ING expect the pair to hover around 1.06 in the last days of the year.

Keeping an eye on energy market volatility

“We think EUR/USD may find some stabilisation around 1.0600 into year-end as volatility starts to drop. A drop to sub-1.0500 levels is, however, possible should market sentiment deteriorate, especially on the energy side.”

“There are no major data releases to highlight in the next two weeks for the Euro, at least until the German CPI figures for December are released (3 January). No European Central Bank speakers are scheduled.”