EUR/USD has pushed below 1.0850. Economists at ING analyze Euro’s outlook.
EUR/CHF can still trade higher
The downside for EUR/USD looks open to the 1.0790/1.0800 area now and 1.0875/1.0900 looks like stronger resistance. And risks next week warn that EUR/USD could be a 1.0715/25 story.
We are also surprised that EUR/CHF did not hand back more of its recent gains given that our recent call for EUR/CHF to trade to 0.9500/0.9600 is premised on higher Euro market interest rates. If we are correct, however, in that the ECB does not cut until June and by only 75 bps in total this year versus the 140 bps currently priced – then EUR/CHF can still trade higher.
Elsewhere, EUR/GBP is closing in on major support at 0.8500 – but a break below it looks highly unlikely ahead of next Thursday’s Bank of England meeting
면책 조항: 본 게시글에 표현된 견해는 전적으로 작성자의 견해이며 Followme의 공식 입장을 대변하지 않습니다. Followme는 제공된 정보의 정확성, 완전성 또는 신뢰성에 대해 책임을 지지 않으며, 서면으로 명시적으로 언급되지 않는 한 해당 내용을 기반으로 취해진 어떠한 조치에 대해서도 책임을 지지 않습니다.
더 오래된 의견은 없습니다. 소파를 가장 먼저 잡으십시오.