EUR/USD: The moderately bullish bias remains intact (ING)

ING reveals that it maintains a neutral to bullish bias on the EUR/USD in the short term.

"We maintain a neutral to bullish bias on the EUR/USD in the short term, in light of a politically weak dollar.

Despite the threat of a trade war, the eurozone data should remain resilient and the political risk in the eurozone remains low, ensuring the strength of the procyclical EUR rally.

Lastly, there seems to be progress in the formation of a government in Italy."