EUR: Rally needs a helping hand – ING

💡 DMK Insight

EUR/USD’s support below 1.15 is a critical juncture for traders right now. With the pair currently in a tight range, the lack of volatility could signal a buildup for a breakout. Traders should keep an eye on economic indicators from both the Eurozone and the U.S. that could trigger movement. If the pair holds above 1.15, it might attract buyers looking for a rebound, but a drop below could lead to further selling pressure. ING’s Chris Turner highlights this calm before the storm, and it’s worth noting that periods of low volatility often precede significant price action. Watch for any shifts in sentiment around upcoming economic data releases, as these could provide the catalyst needed to break the current range. The immediate focus should be on maintaining positions around this support level, as a decisive move could set the tone for the next few weeks.