Home Forex EUR/USD may find some support back above 1.0800 – ING

EUR/USD may find some support back above 1.0800 – ING

by SuperiorInvest


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EUR/USD gaining ground for a fifth consecutive session on Monday near 1.0800. Economists from ING analyze the pair's outlook.

EUR/USD volatility should remain limited

The holding pattern shown by EUR/USD recently may well remain the norm in the coming weeks.

The US CPI will be the big highlight for the pair this week, while the main news on the Eurozone calendar is the ZEW survey from Germany on Tuesday.

We see some mild downside risks to the dollar this week and think EUR/USD may find support back above 1.0800, although a return to the 1.0930/1.0950 area seems premature.

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