EUR/USD could move back to the 1.0850/1.0900 area – ING

EUR/USD trades slightly above the 1.09 level. Economists at ING analyze the pair’s outlook.

Some downside risks for EUR/USD today

Today, we’ll hear from two prominent hawkish speakers, Schnabel and Nagel, as well as from Slovakia’s Kazimir (also a hawk). Still, expect the impact on EUR/USD to be secondary compared to Powell’s testimony.

We see some downside risks for the pair today, which could move back to the 1.0850/1.0900 area.

See – EUR/USD: Gradual appreciation of the Euro towards the end of the year – Commerzbank