EUR/USD: The 1.0490/1.0500 area could easily be retested this week

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EUR/USD: The 1.0490/1.0500 area could easily be retested this week
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Last week's late bounce in EUR/USD looks to have petered out above 1.06. Economists at ING analyze the pair’s outlook. EUR/USD to stay lower for a lit

Last week's late bounce in EUR/USD looks to have petered out above 1.06. Economists at ING analyze the pair’sEUR/USD is set to stay lower for a little longer, meaning that the 1.0490/1.0500 area could easily be retested this week.

There are plenty of ECB speakers this week, and the highlight will probably be President Christine Lagarde speaking at a monetary policy conference on Wednesday. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.

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