ING analyst says EUR/USD needs more support to hold above $1.15
According to a report cited by Jin10 and carried by ChainCatcher, ING analyst Francesco Pesole said the resumption of military strikes in the Middle East is a reminder for investors to stay cautious on the euro-dollar exchange rate. In his view, the euro would need several conditions to be met in order to secure a sustained move above $1.15. Those include data or Federal Reserve communication that reduces expectations for U.S. rate hikes, along with a stabilization in broader risk sentiment. Pesole also said that if the market’s broadly optimistic view that the conflict will ease proves correct, EUR/USD has likely already found a bottom. The comments focused on how geopolitical developments and shifting expectations around U.S. monetary policy may shape the near-term path of the currency pair.








