EUR/USD: Dips Under 1.12 A Buy Around ECB Meeting – ING

ING FX Strategy Research notes that EUR/USD is enjoying the soft dollar environment.

However, ING also notes that the pair is trading way above short term rate spreads – as the market anticipates ECB tapering.

Draghi disappointing the markets on Thursday and  EUR/USD crashing back to 1.10 is clearly a risk for Thursday, though we favour a buy on dips strategy under 1.12,” ING argues. 

EUR/USD is trading 1.1230 as of writing. 

Source: ING Global Markets Research

The article is published by one of the foremost sources of Forex trading information. Link to the original article above.

from eFXNews

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