EUR/USD: An imminent turnaround looks unlikely – ING

EUR/USD remains under pressure as Dollar strength dominates. Economists at ING analyze the pair’s outlook.

More pain from the PMIs?

The Euro faces an event risk from today's releases of the flash PMIs for September. It really has been the PMI releases that have hit the Euro since the summer. 

For EUR/USD, an imminent turnaround looks unlikely and support at 1.0600/0610 looks the last barrier before what seems the more likely dip to the 1.05 area. 

See: EUR/USD is heading for a look at parity – SocGen