Euro: Mid-range trading with capped upside against US Dollar – ING

Euro: Mid-range trading with capped upside against US Dollar – ING

Source: EODHD - https://www.fxstreet.com/news/euro-mid-range-trading-with-capped-upside-against-us-dollar-ing-202609090832
Published: Sep 09, 2026 4:32 AM

ING’s Chris Turner describes EUR/USD near 1.1600 as mid-range since April, noting Euro terms-of-trade deterioration should weigh more on the pair. ING expects a dovish ECB hike that fails to validate additional tightening priced by markets.

Market context: This update is relevant to EUR traders, with EURUSD as the primary instrument to monitor for follow-through, trend continuation, or headline volatility.