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.