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Oct 15 - 12:55 PM

EUR/USD: Rally Losing Steam; Likely To Stall Around 1.1640 - ING

By eFXdata  —  Oct 15 - 11:15 AM

ING Research discusses EUR/USD outlook and sees a limited scope for further upside around current levels.

"EUR/USD remains almost solely driven by dollar dynamics and the lack of any clear idiosyncratic upside catalyst for the euro is likely limiting the pair’s upside," ING notes. 

"In EUR/USD, we think the rebound could follow a similar path to that seen in the first days of October, therefore stalling around the 1.1640 level," ING adds. 

Source:
ING Research/Market Commentary

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