- Analytics
- News and Tools
- Market News
- EUR/USD: 1.0900 will hardly prove to be a sturdy support for much longer – ING
EUR/USD: 1.0900 will hardly prove to be a sturdy support for much longer – ING
Economists at ING expect the EUR/USD pair to eventually break under the 1.09 level.
No domestic drivers
“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.”
© 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
