- Analytics
- News and Tools
- Market News
- EUR/USD could see a break below 1.0800 followed by another leg lower to the 1.0700/1.0750 area – ING
EUR/USD could see a break below 1.0800 followed by another leg lower to the 1.0700/1.0750 area – ING
Economists at ING discuss EUR/USD outlook for the week ahead.
Looking across the Atlantic
“In EUR/USD, the Dollar leg will probably keep driving the majority of the moves.”
“Downside risks persist for the pair on the back of the US debt ceiling impasse, and we could see a break below 1.0800 (a key level, also the 100-Day Moving Average) followed by another leg lower to the 1.0700/1.0750 area should the risk environment deteriorate much further.”
“Still, we don’t expect EUR/USD weakness to last beyond the near term.”
© 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
