EUR/USD: A bigger test for bulls may appear in a three-to-six-month view .

EUR/USD has briefly traded above the 1.09 level. Economists at Rabobank stick to a one-month forecast of 1.09 but note that a move lower to 1.06 is on the cards over the coming months.Still smiling “Optimism surrounding the EUR may have further to run. That said, while any pullbacks near term may be viewed asContinue reading “EUR/USD: A bigger test for bulls may appear in a three-to-six-month view .”

EUR/USD: New highs and a push on to 1.10 are a matter of time.

EUR/USD has held in a sideways consolidation range for much of the week.Economists at Scotiabank expect the pair to test levels above 1.10. Hawkish policy prospects will underpin the EUR “We expect the ECB to lift rates 50 bps in Feb and March at least and do not exclude a third 50 bps increase inContinue reading “EUR/USD: New highs and a push on to 1.10 are a matter of time.”

EUR/USD to work its way back to the 1.15 area .

Economists at ING are revising their 2023-2024 EUR/USD profile substantially higher.3Q and 4Q could prove trickier for EUR/USD “Bearing in mind the importance of EUR/USD in driving FX trends globally, we no longer feel we can justify a sub-consensus profile over the coming years. Instead, we expect EUR/USD to work its way back to medium-termContinue reading “EUR/USD to work its way back to the 1.15 area .”

EUR/USD Price Analysis: The continuation of the upside could revisit 1.0800.

EUR/USD keeps the bid tone unchanged near 1.0750 on Wednesday.The surpass of recent peaks around 1.0760 exposes a move to 1.0800. EUR/USD is up for the fourth straight session and revisits the 1.0750 region midweek. In case bulls remain in control, the breakout of the January high at 1.0760 (January 9) could put the JuneContinue reading “EUR/USD Price Analysis: The continuation of the upside could revisit 1.0800.”