EUR/USD softens. Economists at ING analyze the pair’s outlook.
Equity markets will not be helping
Unless there is some surprise turnaround in the Chinese story, it looks as though EUR/USD can break below support at 1.0925/1.0930 – potentially as low as 1.0830/1.0845.
Equity markets will not be helping here, where futures markets call both Europe and US indices lower as investors want to learn more about the financial sector in China.
See: EUR/USD seen trading back down at 1.07 on a three-month view – Nordea