EUR/USD has risen firmly above the 1.09 mark. Economists at ING analyze the pair’s outlook.EUR/USD could settle into some kind of 1.0860-1.0960 range
We see good resistance for EUR/USD at 1.0950/1.0960 this week, and failure to break that on Tuesday’s FOMC minute event risk could then see EUR/USD settling into some kind of 1.0860-1.0960 range.
Apart from the myriad of ECB speakers this week, the calendar highlight will be the Eurozone November PMis released on Thursday. These have been a (negative) market mover over recent months, and our Eurozone macro team sees little room for improvement here.
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