#EURUSD @ 1.09044 : Challenging risk environment can keep the pair bouncing around in a 1.05-1.10 range – ING

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EUR/USD reversed quite sharply from a high of 1.0970 yesterday. The first run at 1.10 failure reinforces ING’s forecast over this next quarter.

“Price action yesterday tentatively confirms our thinking for EUR/USD over this next quarter. Despite the building macro negatives for the Dollar, we suspect a challenging risk environment can keep EUR/USD bouncing around in a 1.05-1.10 range.”

“EUR/USD probably hovers around the 1.0900 area today.”

See – EUR/USD: Recent Euro strength might be unsustainable – Commerzbank

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