EUR/USD: Support holds but upside limited – ING

FXStreetNov 11, 2026 9:29 AM

View all comments（0）



ING’s Chris Turner highlights that a key technical level at 1.1110 is providing a floor for EUR/USD, marking a 50% retracement of the prior rally. While some profit-taking on short positions is likely, ING sees a weak case for a sustained bounce.

Key support at 1.1110 but capped upside

"A high technical level at 1.1110 is currently providing the floor for EUR/USD."

"But the case for a bounce from this support region is weak."

"And despite seasonal trends normally being bullish for EUR/USD in December, we instead think a hawkish Fed will be the dominant theme into year-end and EUR/USD will at some stage want to press the lower end of a 1.10-1.15 range."

"Expect EUR/USD to trade well within a 1.1140-1.1200 range today."

(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Know more.)

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Comments (0)

Click the $ button, enter the symbol, and select to link a stock, ETF, or other ticker.

Commenting Guidelines

Recommended Articles

【US Pre-Market】CoreWeave Jumps Over 16% on Plans to Issue Billions in GPU-Backed Debt; Nvidia Rebounds Over 4%, AMD, Micron Rise Over 6%

TradingKey - On November 11, Eastern Time, the three major U.S. stock index futures rose across the board, with Nasdaq 100 futures leading the gains.

CoreWeave Stock Jumps 16% Overnight on Funding Relief, With $53.23 the Line to Hold

TradingKey - CoreWeave stock jumped 16% overnight to $56.67 after a Q3 beat, a raised outlook and a plan to avoid new unsecured debt, with $53.23 the level to hold.

Gold Tumbles Toward $4,000 as Hotter-Than-Expected CPI Boosts Fed Rate-Hike Bets, Bulls Eye $3,975 Support

TradingKey - As of the Asian session on Wednesday (November 11), gold prices (XAUUSD) rebounded slightly after a sharp decline in the previous trading day, trading near $4,040, up about 0.3% intraday. Previously, the latest U.S. CPI data released on Tuesday exceeded market expectations, lifting the U.S. dollar and Treasury yields and putting gold under short-term pressure. Gold prices fell 2.61% that day, retreating to a low of $4,013.54 and approaching the $4,000 mark.

Nasdaq Falls 0.74% as Sticky US October Inflation Stokes December Rate-Hike Bets, Nvidia Extends Drop Over 5%

On Tuesday, November 10, Eastern Time, U.S. stocks moved lower. Both U.S. headline and core CPI for October exceeded market expectations, while Federal Reserve officials signaled an accelerated pace of interest rate hikes, driving U.S. Treasury yields higher and putting pressure on technology stocks. At the close, the Dow Jones Industrial Average fell 0.30% to 52,231.89; the Nasdaq Composite Index dropped 0.74% to 25,065.87; and the S&P 500 Index slipped 0.38% to 7,520.93.

Nebius Earnings Preview: Revenue Expected to Grow Over 500%, Wall Street Highest Price Target at $410

TradingKey - AI cloud computing company Nebius Group (NBIS) will report its third-quarter 2026 financial results before the US market opens on November 12 and host a conference call at 8:00 a.m. Eastern Time.

Featured Tools