- EUR/USD: 1.0725-1.0800 looks to be the short-term range – ING
Market news
7 tháng 2 2024
EUR/USD: 1.0725-1.0800 looks to be the short-term range – ING
EUR/USD has tested the December low of 1.0725 in recent days. Economists at ING analyze the pair’s outlook.
Bears not particularly enthusiastic
Even though EUR/USD has come lower, the FX options market suggests there has been little conviction about the move.
It seems we are in a new EUR/USD holding pattern at slowly lower levels. That looks likely to be the case into Friday's release of the US CPI revisions.
1.0725-1.0800 looks to be the short-term EUR/USD range.
See: The Euro simply has little to offer against the strength of the USD at the moment – Commerzbank
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 disclaimerOpen Demo Account & Personal Page