EUR: Investors Shifting To A Buy-The-Dip Strategy: Levels & Targets – ING

ING FX Strategy Research argues that investors are likely shifting to a ‘buy-the-dip’ strategy in EUR/USD even if the expectations of US fiscal policy could limit further upside in the near-term.

In that regard, ING thinks that a dip in EUR/USD into the 1.0740-80 region looks a buy targeting 1.12/13 into June.

ING also recommends long EUR/JPY on the ground of a sustained EUR recovery and a return of the Trump reflation trade.

ING thinks a dip in EUR/JPY into 118 looks a buy targeting 124.

EUR/USD is trading circa 1.0937 and EUR/JPY is trading circa 121.64 as of writing.

Source: ING Global Markets ResearchOriginal Article