EUR/USD: 3 Reasons To Stay Bullish For A Run To 1.12/1.13 N-Term – ING

EUR/USD is already touching the 1.1150 level as it finally breaks free and talk about an impeachment is rife[1]. Is there more room to run? The team at ING thinks so and marks the next levels.

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.

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