EUR/USD has again failed to make a decisive move to 1.10+ this week, in line with our expectations, ING’s FX analysts Francesco Pesole notes.
EUR/USD to move towards 1.07
“This FOMC announcement can give some breathing space to dollar-denominated assets and stabilise the greenback by keeping dovish expectations relatively capped. 1.07 is more likely than a break above 1.10 as the next big directional move for EUR/USD as US tariffs regain dominance in April. But the path to a EUR/USD decline won’t be a smooth one.”
- Euro weakens vs Yen amid slower Eurozone inflation, Japan intervention fears
- Euro: Fiscal strength and reserve status – BNP Paribas
- British Pound: Sterling seen grinding lower against Euro – Rabobank
- Gold price slides ahead of US jobs report and Fed remarks.
- Gold outlook: Bears pause at significant $4,000 support.
Free Forex Signals 
Leave a comment