EUR/USD looks likely to test 1.0800 in the coming days – ING
Source Fxstreet
EUR/USD remained stable in the mid 1.0800-1.0900 range but it has come under pressure early Wednesday. Economists at ING analyze the pair’s outlook.
1.0800 test in sight
EUR/USD continues to follow the Dollar dynamics without showing any material impact from eurozone-specific drivers. The pair looks likely to test 1.0800 in the coming days.
The EUR-USD 2-year swap rate differential seems to have found a bottom recently but remains significantly wide in negative territory (130bp) and would be consistent with a softer EUR/USD if it wasn’t for the supportive equity environment of recent months.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Gold returns to the $5,000 mark as Bitcoin prices weaken to hit new lows; what is the future outlook?During the Asian session on Wednesday (February 4), gold ( XAUUSD) prices continued to
Gold (XAU/USD) attracts follow-through buying for the second consecutive day and surges past the $5,000 psychological mark during the Asian session on Wednesday amid the global flight to safety.
Where is the Bitcoin bottom? Can you buy the dip now? Cathie Wood suggests swapping gold for Bitcoin.On Tuesday (February 3), panic in the crypto market eased as Bitcoin ( BTC) prices reb
Bitcoin’s two-year rolling MVRV z-score has dropped to its lowest level ever, pointing to extreme undervaluation.
Crypto analyst Scott Melker identifies a prime risk/reward setup for XRP as it tests key support at $1.60, offering a tight stop-loss against potential upside targets near $2.00.
Related Instrument
