EUR/USD: 1.0800 SHOULD PROVE GOOD INTRA-DAY RESISTANCE

14 Feb 2024, 03:05 · Views 134

EUR/USD is drifting around in ranges. Economists at ING analyze the pair’s outlook.

EUR/CHF should be heading to 0.9500/0.9600

We doubt EUR/USD will make a move higher before Friday's US CPI revisions, meaning that 1.0800 should prove good intra-day resistance.

The slightly higher rate environment has seen EUR:CHF two-year swap differentials widen back out to 188 bps and support EUR/CHF. There should be more to come here and we wonder whether speculation builds over a Swiss National Bank rate cut as early as March. We retain a view that EUR/CHF should be heading to 0.9500/0.9600.

Penafian: Pandangan yang dinyatakan adalah semata-mata dari pengarang dan tidak mewakili kedudukan rasmi Followme. Followme tidak bertanggungjawab ke atas ketepatan, kesempurnaan, atau kebolehpercayaan maklumat yang diberikan dan tidak bertanggungjawab untuk sebarang tindakan yang diambil berdasarkan kandungan, melainkan dinyatakan secara bertulis secara jelas.

Suka artikel ini? Tunjukkan penghargaan anda dengan menghantar tip kepada pengarang.

EUR/USD: 1.0800 SHOULD PROVE GOOD INTRA-DAY RESISTANCE – ING

EUR/CHF should be heading to 0.9500/0.9600