EUR/USD could drift down to support at 1.1100/1115 – ING EURUSD Banks
The drop did see EUR/USD reconnect both with short-term rate differentials and also the still steeply inverted US yield curve. Both of these variables have to change if the EUR/USD is to embark on a big cyclical rally.
Back to today, EUR/USD could drift down to support at 1.1100/1115 but that may well be the lower end of the range heading into next week's central bank meetings.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.
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