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.
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