EUR/USD may see upward momentum, potentially reaching levels between 1.16 and 1.1750, according to ING's FX analyst Francesco Pesole. This movement is contingent on a reduction in concerns regarding political risks associated with the Federal Reserve. Despite the limited economic data from the eurozone and subdued messaging from the European Central Bank, the market remains sensitive to external geopolitical developments.
Current tensions around Greenland are creating uncertainty in the currency market, which may hinder a more definitive bullish trend for the euro. However, should political risks in the U.S. dissipate, traders could see a favorable shift in the exchange rate dynamics, benefiting the EUR and potentially the Swedish Krona (SEK) as well.
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Data Source: FX Killer Analysis Team Updated: 2026-01-12 10:25
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.