EUR/USD: A slip to 1.0530/1.0560 may be on the cards into the ECB announcement – ING

EUR/USD declined to around the 1.06 mark on Tuesday. Economists at ING analyze the pair’s outlook.

ECB may have to sound more dovish given the deteriorating economic outlook

EUR/USD may have lost the upward correction momentum after Tuesday’s PMIs and could stay under some pressure on expectations that the ECB may have to sound more dovish on Thursday given the deteriorating economic outlook. 

A slip to 1.0530/1.0560 may be on the cards into the ECB announcement.

See: EUR/USD is now seen trading within 1.0510-1.0700 – UOB