• EUR/USD: A pull-back to the 1.0800 mark is appropriate – ING

Noticias del mercado

15 noviembre 2023

EUR/USD: A pull-back to the 1.0800 mark is appropriate – ING

On Tuesday, EUR/USD witnessed a huge jump. Economists at ING analyze the pair’s outlook.

A break above 1.0900 would be significant

We are inclined to think a pull-back to the 1.0800 mark is appropriate given the short-term valuation (EUR/USD 1.5% overvalued). 

Conversely, a break above 1.0900 (probably on more US data weakness) would be significant and make 1.1000 the next key resistance.

See: The idea of a rate cut cycle for ECB and Fed is an argument in support of higher EUR/USD – Commerzbank

Enfoque del mercado
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
Abrir cuenta demo y página personal
Entiendo y acepto la Política de Privacidad y estoy de acuerdo con que mi nombre y datos de contacto sean procesados por TeleTrade y utilizados para contactarme en lo referente a: