EUR/USD: 1.0900/1.0950 levels may be the best of the week – ING

EUR/USD continues to trade comfortably above 1.08. However, 1.0900/1.0950 may be best EUR/USD levels of the week, in the opinion of economists at ING.

EUR/USD will probably be driven by events in Asia this week

“The focus in Europe this week may be some key speakers at the World Economic Forum in Davos, where ECB President Christine Lagarde speaks on Friday. We will also see some German data in final CPI and the ZEW investor expectations survey – which is expected to have improved.” 

“EUR/USD will probably be driven by events in Asia this week. However, we suspect that 1.0900/1.0950 levels may be the best of the week.”