EUR/USD: Correction might extend to 1.09 – ING
Economists at ING believe that the EUR/USD pair could see additional losses toward the 1.09 level.
News from the US will drive most EUR/USD moves
“The debate about headline versus core inflation, given the pronounced energy base effect and the resilience of core measures, looks set to be a key leverage point for the hawkish rhetoric within the ECB.”
“Today, we’ll hear from Madis Muller and Mario Centeno, while the Euro remains without a clear domestic driver and news from the US will drive most EUR/USD moves.”
“There are lingering downside risks for EUR/USD, which might extend the correction to 1.0900 today.”
Reprinted from FXStreet,the copyright all reserved by the original author.
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.