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>>ING analysis expects EUR/USD to rise to 1.22, fueled by bullish momentum as the dollar weakens.

ING analysis expects EUR/USD to rise to 1.22, fueled by bullish momentum as the dollar weakens.

crypthub

about 7 hours ago

Forecast Outlook

ING expects EUR/USD to rise toward 1.22 within the next 6‑9 months as the dollar weakens and the euro shows relative strength. The projection follows a break of key technical resistance and narrowing US‑Eurozone rate differentials. Analysts view the move as a structural shift rather than a short‑term cycle.

Dollar Weakness Drivers

The dollar index is losing momentum due to a dovish Federal Reserve stance and persistent US fiscal deficits. Central banks are diversifying reserves away from the greenback, while reconfigured trade flows lower dollar transaction volumes. These structural factors generate sustained pressure on the currency.

Euro Strength and Technical Signals

European economic data exceed expectations, with improving manufacturing and robust services supporting the euro. The pair has cleared its 200‑day moving average and faces Fibonacci‑based resistance near 1.22. Institutional volume and rising long‑euro positions reinforce bullish momentum.

Implications and Investment Guidance

A stronger euro benefits European exporters, equity markets, and commodity pricing, while prompting dollar‑hedging strategies for global portfolios. Traders may consider long EUR/USD or euro‑denominated assets, keeping an eye on central‑bank communications and geopolitical risks. A sudden hawkish shift by the Fed or Eurozone political instability could derail the projected path.