#EURUSD @ 1.10263 : Some softer US activity or price data to unlock a break of 1.1100 – ING
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Economists at ING see potential for a break past 1.1100 in the EUR/USD pair.
“In addition to what should clearly be supportive interest rate trends for EUR/USD this year should be much lower energy prices which have delivered a vast improvement in the euro’s terms of trade. This is a complete reversal of conditions that were weighing on EUR/USD in the third quarter of last year.”
“We suspect EUR/USD finds some good demand near 1.0900 now and we are just waiting for some softer US activity or price data to unlock a break of 1.1100.”
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