Economists at ING expect the EUR/USD pair to remain below the 1.09 level.
EUR/USD may drop below 1.09 and support below 1.0835/1.0845 to 1.0775 area.
Certainly, with US Treasury yields pushing ahead and proving a threat to risk assets – and China still fragile – EUR/USD will struggle to make it back above the 100-Day Moving Average (DMA) at 1.0930.
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