ING WARNS EURO COULD FALL FURTHER ON FRENCH DEBT CONCERNS ING says the euro remains vulnerable despite Moody's maintaining France's Aa3 cre…
ING WARNS EURO COULD FALL FURTHER ON FRENCH DEBT CONCERNS
ING says the euro remains vulnerable despite Moody's maintaining France's Aa3 credit rating.
With little progress expected on France's budget and energy prices elevated, pressure on the currency could persist.
🔸 EUR/USD: $1.1206
🔸 Resistance: $1.1250–$1.1270
🔸 Key support: $1.1180
The key takeaway: ING sees limited upside for the euro and warns of a potential break below $1.1180.