#EURUSD @ 1.09320 : 1.0900 will hardly prove to be a sturdy support for much longer – ING
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Economists at ING expect the EUR/USD pair to eventually break under the 1.09 level.
“EUR/USD continues to follow primarily USD dynamics, and a quiet calendar in the Eurozone means this should continue to be the case today.”
“For now, the USD appreciation was not enough to trigger a break below 1.0900 in the pair, but the lack of some encouraging news on the US debt ceiling story means –in our view – that 1.0900 will hardly prove to be a sturdy support for much longer.”
“ECB speakers have had a limited impact on the Euro after the latest ECB meeting and this should not change for now.”
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