- Analytics
- News and Tools
- Market News
- EUR/USD: Chances of 1.05 being tested by the end of the week have increased – ING
EUR/USD: Chances of 1.05 being tested by the end of the week have increased – ING
EUR/USD lost nearly 100 pips on Tuesday and continues to edge lower early Wednesday. In the view of economists at ING, the pair could approach 1.05.
1.05 is at reach
“The euro’s blatant inability to rally on hawkish comments by European Central Bank members (not surprising though given 75bp of tightening by year-end is already in the price) means lingering vulnerability to an external environment negatively affected by an ever-concerning situation in Ukraine and generalised USD strength.”
“The euro could find some support tomorrow as inflation numbers from eurozone countries start to come in, but the chances of 1.0500 being tested by the end of the week have increased.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
