EUR/USD Range-Bound Before FOMC Minutes, ING Says
ING sees EUR/USD holding a near-term range of 1.1520–1.1580 after the rally stalled just above 1.16, with traders cautious ahead of FOMC minutes and elevated gas prices.
EURUSD
The euro is likely to stay contained against the dollar in the near term, according to ING’s Chris Turner. The recent EUR/USD advance stalled just above 1.1600, and the pair is now seen trading around 1.1520–1.1580.
Caution stems from high natural gas prices and the upcoming release of FOMC minutes. Turner notes that higher energy prices support the case for further ECB tightening.
Source: FXStreet Forex News