Economists at ING predict EUR/USD could rise to 1.0980-1.1000 due to a weaker dollar and lower global policy rates.

Economists at ING believe EUR/USD could rise to 1.0980-1.1000 as European equities enjoy a lower trajectory for global policy rates. The pair has been supported by a weaker dollar, although it is unlikely to outperform. EUR/USD's strong rebound and break above 1.0900 indicate that pullback from 1.0980 has completed at 1.0834, with intraday bias now on the upside for retesting 1.0980 first.

March 20, 2024
11 Articles

Further Reading