EUR/USD could make a dip down to the 1.0775 area

Economists at ING expect the EUR/USD pair to remain below the 1.09 level. EUR/USD will struggle to make it back above the 100-DMA at 1.0930 EUR/USD is

EUR/USD is starting to look quite comfortable below 1.09 and below support at 1.0835/1.0845 could make a dip down to the 1.0775 area.

Certainly, with US Treasury yields pushing ahead and proving a threat to risk assets – and China still fragile – EUR/USD will struggle to make it back above the 100-Day Moving Average at 1.0930.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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