ING FX Strategy Research expects the EUR to remain supported in the near-term as investors:
“a) re-assess whether it needs to stay so under-valued, b) prepare for a change in ECB rhetoric at the June 8th meeting, and c) use it as a safe haven to hedge Trump political risk,” ING argues.
Technically, ING notes that EUR/USD looks set for a run on to 1.1200 and potentially 1.1300 near term.
EUR/USD is trading circa 1.1112 as of writing.
By signing up to eFXplus via the link above, you are directly supporting Forex Crunch.
from Forex Crunch http://feedproxy.google.com/~r/ForexCrunch/~3/5Ed9av5oGdg/
from Online Forex Trading Resource
View thesource article here