EUR/USD fails to move above 1.10 decisively – ING

EUR/USD has again failed to make a decisive move to 1.10+ this week, in line with our expectations, ING’s FX analysts Francesco Pesole notes.

EUR/USD to move towards 1.07

"This FOMC announcement can give some breathing space to dollar-denominated assets and stabilise the greenback by keeping dovish expectations relatively capped. 1.07 is more likely than a break above 1.10 as the next big directional move for EUR/USD as US tariffs regain dominance in April. But the path to a EUR/USD decline won't be a smooth one."