EUR/USD broke out of its tiny range and reached highs of 1.1388 on Wednesday after a combination of political uncertainty in the US and optimism over the outlook for the Eurozone economy rip curled the exchange rate higher.
EUR/USD is too low and analysts expect it to move higher over time, however, how much time may be the question.
The Euro to US Dollar continues rising within its range between the lows of 1.0300 and the ceiling at 1.1450.
The Euro to Dollar exchange rate is likely to describe a rollercoaster-like ride lower before moving steeply higher, according to analysts at Morgan Stanley (MS).
The pair had been in an uptrend but recent weaknesses have made the outlook more bearish.
There is still no change to our forecast of the pair reaching 1.1390 except that now there is na bearish tenor to the chart.
Don’t wait to buy your Euros, as the currency is likely to get more expensive the longer you delay.
The EUR/USD is rising after the release of inflation data showed no change from analyst’s expectations.
There is still life in the Dollar yet, says Nordea's Head of FX Martin Enlund.
The pair is still forecast to rise as per our June 11 report despite a pull-back following the Fed's decision to hike rates.
The Federal Reserve will raise interest rates by 0.25% at tomorrow’s meeting, but it will be a cautious, understated raise, unaccompanied by fanfare or occasion, according to most analysts.
The success of pro-European Emmanuelle Macron in recent elections has driven the single currency higher - now Strategists at Société Générale see a whole host of other factors combining to push EUR/USD even higher.
The EUR/USD remains in a short-term uptrend as the new trading week begins.
The US Dollar has pulled back substantially since the start of 2017 as promises failed to materialize but robust fundamentals suggest a rebound could be on the cards.
The Euro to US Dollar is looking shaky just below its 1.1300 highs.
Euro seen softer as ECB confirms cuts to inflation forecasts.
The Euro has gained ground since Emmanuelle Macron's win in the French Presidential elections eased political uncertainty, this trend is likely to continue according to the investment bank.
EUR/USD is biased towards making further gains in the week ahead due to the material risk that the US Dollar will weaken following the testimony from former chief of the FBI James Comey on Thursday.
For a whole three years now the Euro to US Dollar pair has been stuck in a range between 1.05 - 1.15, torturing traders and investors alike with its random walk.
EUR/USD has had a rough start on Tuesday morning after losing almost a third of a percent during the overnight trade.
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