EUR/USD: Into Top Of The Range; What's Next? - ING

ING FX Strategy Research discusses EUR/USD outlook, noticing that the pair turned from a high at 1.1960 yesterday and there is not a clear story for an immediate break above 1.2000.
"Bullish news of a grand coalition in Germany (especially with the SPD set to make more pro EU demands) may take time to build, with agreement potentially not being reached until January.
Any upside surprise in eurozone inflation data on Thursday may be the best chance of any further EUR strength and if US tax reform stalls, we could imagine EUR/JPY selling off rather than EUR/USD pushing above 1.20," ING argues.