EUR/USD WILL STILL STRUGGLE TO SUSTAIN A BREAK OVER 1.0900 – ING

EUR/USD enjoyed a small rally on Tuesday. Economists at ING analyze the world’s most popular currency pair outlook.

Biding time ahead of the ECB

The low volatility environment makes for a very sticky spot market and a breakout is hard to achieve.

We think there are some downside risks to the Euro from Thursday's European Central Bank (ECB) meeting. As such, should today's US event risk prove a Dollar negative, we think the EUR/USD pair will still struggle to sustain a break over 1.0900.