EUR/USD TO CONSOLIDATE IN A 1.08880 TO 1.1020 RANGE NEAR TERM – ING
EUR/USD remains unchanged around 1.0950. Economists at ING analyze the pair’s outlook.
Seasonal factors may keep EUR/USD in check
Over the next month or so seasonal factors may keep the EUR/USD pair in check.
We retain a forecast of 1.08 for the first quarter of 2024, and EUR/USD has recently been more led by equities than by rate differentials.
We expect EUR/USD to consolidate in a 1.08880 to 1.1020 range near term and await Thursday's CPI data for the next big input to the story.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.