EUR/USD may break 1.10 at any time but could struggle to rally much further – ING EURUSD ECB UnitedStates Banks
. The pair could surge above 1.1000, but may find it difficult to enjoy further gains, economists at ING report.“A below-consensus ISM services reading could trigger a break above 1.1000, although the sustainability of rallies beyond that level in the coming weeks would need to be tested against the markets’ confidence to consistently unwind defensive dollar positions at a time when fresh financial turmoil and tighter liquidity remain non-negligible risks.
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