EUR/USD could make a dip down to the 1.0775 area – ING

FXStreet Insights Team FXStreet

Economists at ING expect the EUR/USD pair to remain below the 1.09 level.

EUR/USD will struggle to make it back above the 100-DMA at 1.0930

EUR/USD is starting to look quite comfortable below 1.09 and below support at 1.0835/1.0845 could make a dip down to the 1.0775 area.

Certainly, with US Treasury yields pushing ahead and proving a threat to risk assets – and China still fragile – EUR/USD will struggle to make it back above the 100-Day Moving Average (DMA) at 1.0930.

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