Economists at ING analyze EUR/USD outlook. 

Downside risks into the weekend

Today, the Eurozone calendar is very light, and EUR/USD will trade in line with the Dollar's reaction to US data. 

We suspect the pair is facing some downside risks in the latter part of the year after the FOMC minutes set the bar quite high for data to convince markets to price out Fed rate hikes. 

EUR/USD could slip below 1.0800 before the end of the week if US data were to come in on the strong side.