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- EUR/USD: Break below support at 1.01 to open up a move towards parity – ING
EUR/USD: Break below support at 1.01 to open up a move towards parity – ING
The euro is consolidating near the lows. Economists at ING expect the EUR/USD pair to drop under support at 1.01, triggering a move to parity.
German recession is becoming inevitable
“The gas crisis and what it means for eurozone growth prospects this winter is clearly taking a toll on the euro.”
“A German recession is almost inevitable in the second half of the year.”
“After a month of consolidation, EUR/USD does not look particularly oversold on technical indicators, and we continue to favour support at 1.0100 giving way to a move to parity.”
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