Trade The World
EUR: Finally, some good news – ING
By FXStreet Insights Team
Date Published: 15 Oct 2025 | Date Modified: 15 Oct 2025
POPULAR ARTICLES
The Euro (EUR) found support yesterday after positive political developments in France, ING's FX analyst Francesco Pesole notes.
The Euro (EUR) found support yesterday after positive political developments in France, ING's FX analyst Francesco Pesole notes.
EUR/USD might potentially build strong support around 1.160
"PM Sébastien Lecornu pledged to delay the pension reform, a key demand from the Socialist Party, which in turn said it won’t back tomorrow’s no-confidence vote. With Socialist support, the chances of passing a budget have meaningfully improved, even if parliamentary numbers remain tight."
"The draft budget targets a deficit reduction from 5.4% to 4.7% this year, though the pension freeze may dent market confidence in long-term fiscal consolidation."
"Still, with the 10-year OAT-Bund spread back below 80bp – its tightest in a month – the euro looks less fragile. If Lecornu survives the no-confidence vote, EUR/USD could edge higher and potentially build strong support around 1.160."
FXStreet
More than a million users rely on FXStreet for real-time market data, charting tools, expert insights, and forex news. Its comprehensive economic calendar and educational webinars help traders stay informed and make calculated decisions. FXStreet is supported by a team of about 60 professionals, split between the Barcelona headquarters and various global regions.
Read More
