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fxJun 22, 2026, 11:43 AM

ING Analyst: EUR/USD May Test 1.140 Before Recovery

ING's Francesco Pesole warns that EUR/USD could dip to 1.140 as lingering post-Fed dollar strength persists before any renewed upward momentum emerges.

EURUSD

ING foreign exchange strategist Francesco Pesole assesses that EUR/USD faces a significant risk of slipping to the 1.140 level in the near term. The move would be driven by continued dollar momentum following the Federal Reserve's latest policy decision.

Pesole characterizes this potential dip as a necessary test before the euro can stage a recovery. The outlook implies that short-term headwinds for EUR/USD remain, but a bounce may materialize after the 1.140 area is challenged.

Source: FXStreet Forex News