#EURUSD @ 1.07210 to slip back to 1.0650/1.0700 by the end of this week – ING

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EUR/USD remains primarily a Dollar story. Economists at ING believe that the pair could slide to the 1.0650/1.0700 area later this week.

“Despite having survived the US CPI risk event, we continue to see some downside risks in the near term on the back of raising bets on Fed tightening and a lack of drivers from the Euro side.”

“We don’t think that today’s speech by European Central Bank President Christine Lagarde will drive major market moves.”

“We see room for EUR/USD to slip back to 1.0650/1.0700 by the end of this week on the back of a strengthening Dollar.”

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