EURUSD could easily trade to 1.05 were conditions/data to fall into place – ING EURUSD Banks ECB
The severity of the EURUSD correction has caught out many. Economists at ING believe that the pair could race even higher to 1.05.“The very difficult question is whether this short EURUSD squeeze has run its course near 1.0365 or needs to trade higher still. Given the depth, conviction, and one-sided nature of long Dollar positioning , we all need to be careful about prematurely calling an end to this correction. Indeed, EURUSD could easily trade to 1.05 were conditions/data to fall into place.
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