EUR/USD: Range trading in the near term before rallying toward 1.1500 by year-end – ING

EUR/USD could be somewhere near 1.1500 by end-2024, economists at ING report.

A dose of patience is required

We retain a 1.1500 end-year forecast for EUR/USD but see range trading in the near term. 

While a re-assessment of the aggressively priced European Central Bank easing cycle could in theory be positive for the Euro, a deteriorating investment environment could well curtail any sizable near-term gains in EUR/USD and other risk-sensitive currencies.

EUR/USD – 1M 1.0800 3M 1.0800 6M 1.1000 12M 1.1500