EUR/USD: Bulls would probably welcome the pair ending the week around 1.0850/1.0900 – ING EURUSD OPEC UnitedStates Fed Banks
“We had called for EUR/USD to break above 1.10 sometime this week, but the asymmetrically positive impact on the USD of the OPEC+ surprise cut means that such a call now likely requires some disappointing data out of the US, given the lack of Euro-specific drivers this week. This is not necessarily our base case, and EUR/USD bulls would probably welcome the pair ending the week around 1.0850/1.0900.
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