EUR/USD stands a chance to end the year above 1.10 – ING

EUR/USD remains above the 1.09 level. Economists at ING analyze the pair’s outlook.

Still eyeing 1.10

The Euro stands a chance to end the year above 1.10. Despite the diverging narratives which emerged from the ECB and Federal Reserve meetings last week, probably favouring more attempts at the 1.1000 key resistance into Christmas, a break higher is far from guaranteed.

We will need to see whether post-meeting comments by ECB officials diverge in some way from last week’s pushback by President Christine Lagarde.