EUR/USD could lurch higher towards the 1.1415/20 zone – ING

Economists at ING think some dollar softness after the FOMC can help EUR/USD climb back to the 1.1415/20 area this week.

Russia-Ukraine tensions in focus

“A slightly softer dollar environment around the Fed could see EUR/USD trade up to the 1.1415/20 area, though we do not expect gains to last.”

“The euro seems to be pricing in little to no geopolitical risk, so the downside risks for the common currency are non-negligible if tensions with Russia flare up.”