ING maintains a 1.130 one-month target for EUR/USD, balancing modest undervaluation against the persistent drag of French fiscal concerns and ongoing protests.
ING analyst Francesco Pesole identifies the EUR/USD pair as currently undervalued relative to its short-term fair value range of 1.137–1.139. However, the upside potential is constrained by domestic political and fiscal instability in France, leading the firm to maintain a conservative one-month price target of 1.130.
ING has set a one-month target of 1.130 for the EUR/USD pair.
ING considers the pair to be modestly undervalued compared to its short-term fair value, which is estimated between 1.137 and 1.139.
ING analyst Francesco Pesole maintains a one-month target of 1.130 for the EUR/USD pair, citing a modest undervaluation relative to fair value. While the currency pair shows potential for upside from shifting Federal Reserve expectations, persistent French fiscal instability and civil unrest continue to cap gains.
ING maintains a neutral stance with a one-month target of 1.130, noting that while the pair is undervalued, political and fiscal risks in France prevent significant appreciation.