#EURUSD @ 0.98188 to test the 0.9540 lows on next round of dollar appreciation – ING
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]
EUR/USD has been stabilising in the 0.98-0.99 area after the rally from 0.9700. Analysts at ING expect the pair to challenge the 0.9540 on the round of dollar appreciation.
“Dollar strength remains the main hindrance to recovery in the pair, but the domestic picture is still far from looking appealing to investors. Despite a smaller-than-expected slump in the ZEW expectations index, the current situation survey plunged dramatically to -72.2 in October. These are levels last seen only in 2020 and 2009.”
“The easing in gas prices is likely preventing a return to the 0.9540 lows, but we think the next round of dollar appreciation will heavily test that support.”
[/s2If]
Join Our Telegram Group
