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EUR/USD: Recovery follows range-bound trading – ING
1.10–1.15 is the EUR/USD range projected by ING’s Chris Turner. He expects the pair to remain under pressure over the next four to five months, with French budget politics sustaining a risk premium in the Euro ahead of April elections.
Euro faces near-term ceiling from French risks
"French budgetary politics look set to keep a risk premium in the euro ahead of April's elections."
"We therefore see EUR/USD trading offered in a 1.10-15 range over the next four to five months."
"From the second quarter, however, softer US rates, moderating energy prices and clarity on French politics could trigger a gentle recovery in EUR/USD towards 1.18 by year-end 2027."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Know more.)
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