ING sees EUR/USD range with upside bias against dollar
ING’s Francesco Pesole keeps a constructive stance on EUR/USD after recent US data, seeing range trading with an upside bias against the dollar.
EURUSD
Francesco Pesole at ING views EUR/USD as range-bound with an upside bias against the US dollar following the latest US data releases. His constructive stance is based on the expectation that the Federal Reserve is unlikely to deliver further tightening that would strengthen the dollar.
That leaves the euro positioned to test the upper part of its recent range, though the note suggests the pair remains within established boundaries rather than breaking out decisively.
Source: FXStreet Forex News