Economists at ING expect the EUR/USD pair to remain below the 1.09 level.
EUR/USD will struggle to make it back above the 100-DMA at 1.0930
EUR/USD is starting to look quite comfortable below 1.09 and below support at 1.0835/1.0845 could make a dip down to the 1.0775 area.
Certainly, with US Treasury yields pushing ahead and proving a threat to risk assets – and China still fragile – EUR/USD will struggle to make it back above the 100-Day Moving Average (DMA) at 1.0930.
Source: https://www.fxstreet.com/news/eur-usd-could-make-a-dip-down-to-the-10775-area-ing-202308210749