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Aug 19 - 06:55 PM

EUR/USD: More Consolidation In USD Bullish Trend Before 1.15 - ING

By eFXdata  —  Aug 19 - 03:00 PM

ING Research discusses EUR/USD outlook and sees a scope for a move towards 1.15 over the coming weeks.

"The move in EUR/USD below 1.1700 appeared to be a matter of when rather than if considering the deterioration in global sentiment and the lack of positive idiosyncratic drivers for the euro. The next key support for the pair should be at the 1.1600 November lows," ING notes. 

"At this stage, more consolidation in the USD bullish trend could soon see markets look to 1.1500 as a next pivotal level in EUR/USD," ING adds.

Source:
ING Research/Market Commentary

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