#EURUSD @ 1.06501 : 1.05 will be the bottom of the first quarter range after all – 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 got a lift yesterday. Economists at ING believe that the 1.05 level will be the bottom of the first quarter range.
“The continued re-pricing of the ECB curve is providing EUR/USD with some support against higher US rates and suggesting 1.05 will be the bottom of the EUR/USD’s first quarter range after all. Certainly, the disinflation story is taking a back seat this month.”
“Today, we have a few ECB speakers and we should expect a relatively quiet 1.0565-1.0645 range for EUR/USD.”
“The more aggressive ECB pricing is also providing some support to EUR/CHF, which looks like it might end March near our 1.00 target.”
[/s2If]
Join Our Telegram Group
