EUR/USD can push on to the 1.1000/1030 region today – ING
|Yesterday, the better global growth environment and softer Dollar generated a 1% rally in EUR/USD. Economists at ING analyze the pair’s technical outlook.
Bullish on EUR/USD in the second half
We are bullish on EUR/USD in the second half, but we are not sure which month exactly the bull trend would take off. Could it be June?
For EUR/USD today, let us see whether the US data and Fed speakers make much of an impression.
In addition, we have four ECB speakers from the more hawkish end of the spectrum. We prefer to back the bullish momentum here and can see EUR/USD pushing on to the 1.1000/1030 region today.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.