EUR/USD to slump toward 1.1310 on a tough day for risk assets – ING

EUR/USD has seen a wild ride over the last 24 hours. A tough day for risk assets could drag the pair down to the 1.1350 level and even lower to 1.1310, economists at ING report.

EUR/USD may see a 1.12-1.15 range for quite a while

“Continued EUR/USD volatility within ranges looks likely – we could see 1.12-1.15 for quite a while.”

“A tough day for risk assets marginally favours a further correction in EUR/USD today to 1.1350 and potentially 1.1310.”