EUR/USD: Some softer US activity or price data to unlock a break of 1.1100 – ING

Economists at ING see potential for a break past 1.1100 in the EUR/USD pair.

EUR/USD to find some good demand near 1.0900

“In addition to what should clearly be supportive interest rate trends for EUR/USD this year should be much lower energy prices which have delivered a vast improvement in the euro's terms of trade. This is a complete reversal of conditions that were weighing on EUR/USD in the third quarter of last year.”

“We suspect EUR/USD finds some good demand near 1.0900 now and we are just waiting for some softer US activity or price data to unlock a break of 1.1100.”