EUR/USD continues to move below the 1.05 level. Economists at ING analyze the pair’s outlook.
EUR/USD in the soft side of a 1.04-1.06 range over the coming weeks
ECB President Christine Lagarde speaks today at a monetary policy conference. Given the market prices virtually no further tightening from the ECB, any hawkish remarks from her could provide a little support to the beleaguered EUR/USD.
However, any gains above 1.05 look hard to sustain given the tough external environment and we can see EUR/USD trading to the soft side of a 1.04-1.06 range over the coming weeks.
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