ING: The EUR - FJElite

15 Oct 2026 08:44Elite EUR Europe

EUR/USD touched the 1.1100/1120 target area, which we had been highlighting in recent weeks, but it has quickly reversed. A correction in the AI forever thesis is probably the biggest chance of EUR/USD finding support right now, given that the French budget story looks set to endure. But let's see whether this AI correction story has legs and is enough to drag EUR/USD back to the 1.1300/1350 area - purely from the dollar side.