EUR/USD might possibly additionally head to 1.0780 and possibly 1.0750 beneath 1.0800 make stronger – ING
EUR/USD holds a miniature above the 1.0800 level. Economists at ING analyze the pair’s outlook.
Trading cases will proceed to be sticky
We suspect that if it were no longer for month-stop portfolio re-balancing flows, EUR/USD will most likely be trading below 1.0800 now. And that appears to be like to be the risk heading into Friday’s liberate of February core PCE inflation records for the US, which is anticipated at a sticky 0.3% month-on-month.
Under 1.0800 make stronger, we might possibly additionally test EUR/USD heading to 1.0780 and possibly 1.0750. Nonetheless, one month EUR/USD traded volatility below 5% suggests trading cases will proceed to be sticky.
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