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EUR/USD: 2 Reasons Why EUR/USD Likely To Stabilize N-Term – ING

EUR/USD stabilized and even managed to rise after the blows from Draghi last week. What’s next?

Here is their view, courtesy of eFXdata:

ING Research discusses EUR/USD outlook and expects  a scope for the pair to consolidate this week.

“Following the close to three big figure decline after the ECB meeting,  we expect EUR/USD to stabilise as  (a)  the bulk of the adjustment in response to the dovish ECB interest rate forward rate guidance is likely behind us (the market is now pricing in a full  10 basis point deposit rate  hike only by the very end of 2019, which is in our view overdone) and;  (b)  the EUR/USD trades with a persistent 3% risk premium (vs its short-term fair value of 1.20),” ING argues

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Yohay Elam

Yohay Elam

Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.