EUR/USD to target sub-parity levels into the new year – ING
|EUR/USD plunged back to the 1.0250 area yesterday. Economists at ING continue to target levels under parity into the new year.
Preparing for a longer downtrend
“Expect some support at 1.0200 in EUR/USD: a decisive break below that level could underpin the return to a bullish Dollar narrative and unlock more downside risks.”
“We see further room for a contraction in EUR/USD this winter and continue to target sub-parity levels into the new year.”
See – EUR/USD: Rebound may have already peaked just shy of 1.05 – Crédit Agricole
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