EUR/USD: Momentum could easily build for a push to 0.9650 tomorrow – ING

EUR/USD has dived below 0.98. Economists at ING expect the pair to challenge 0.9650 tomorrow if US jobs and wage data do not slow as much as expected.

EUR/USD could trade in a 0.9760-0.9850 range today

“We feel momentum could easily build for a push to 0.9650 tomorrow if US jobs and wage data do not slow as much as expected.”

“In Europe today, there are a lot of European Central Bank speakers, where the doves are trying to get the message across that the forthcoming recession will do some of the work in taking inflation off its highs.”

“EUR/USD could trade in a 0.9760-0.9850 range today.”