Economists at ING analyze EUR/USD outlook ahead of big central bank meetings.
Some downside risks to EUR/USD this week
Given what could be a mildly hawkish Fed event risk on Wednesday and the prospect of the ECB less than wholeheartedly backing the idea of a follow-up September rate hike, we see some downside risks to EUR/USD this week.
As a result, we think this EUR/USD correction may only extend to the 1.1050 area.
See – EUR/USD: General election in Spain have had limited impact on the Euro – MUFG
Source: https://www.fxstreet.com/news/eur-usd-correction-may-only-extend-to-the-11050-area-ing-202307240744