#EURUSD @ 1.04136 EURUSD points to a 1.0270-1.0500 range over coming sessions – ING
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EURUSD turned from a high of 1.0480 yesterday. Economists at ING expect the pair to move within a 1.0270-1-0500 trading range over coming sessions.
“We noted yesterday that EURUSD seemed to turn naturally from 1.0480, suggesting the corrective rally might have run its course – at least for the very short term. But the bottom of the short-term range has now been defined at 1.0270 – pointing to a 1.0270-1.0500 range over coming sessions. This assumes no major escalation in geopolitics.”
“Bigger picture, we are in the camp that something like 1.05/1.06 may be the best EURUSD levels between now and year-end.”
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