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EUR/USD Sees Move Back Above 1.15 Dependent on Dovish Fed Repricing

Guavy AI Editorial Team
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EUR USD
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ING's Francesco Pesole believes that if markets maintain a positive view on further geopolitical de-escalation, the EUR/USD pair may have bottomed out last week.

The pair would need two key factors to sustainably move above 1.15: dovish Federal Reserve (Fed) repricing and stabilised risk sentiment.

A light eurozone calendar means that EUR/USD will primarily react to the upcoming Federal Open Market Committee (FOMC), potentially returning to the 1.1400-1.1450 range in coming days.

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