+84 888161016

24/7 Customer Support

Mon - Sunday: 24/24

Online store always open

EUR/USD to retest 0.95 on a close back under 0.9910/00 this week – ING

October 31, 2022| Forex Market

EUR/USD is trading below parity. Economists at ING expect the world’s most popular currency pair to retest 0.95 on a break under 0.9910/00 this week.

The eurozone and the euro will continue to struggle

“With global growth under pressure from tighter rates and a misfiring Chinese economy, we think the eurozone and the euro will continue to struggle. That is why last Thursday’s high of 1.0089 in EUR/USD could have been significant.”

“A close back under the 0.9900/9910 area this week would support our preferred view of EUR/USD retesting the lows near 0.95.”


Source link

Categories: Trading tips

Get In Touch!

What type of Forex Tool(s) are you interested in ?
How can we reach you ?