EUR/USD Tipped to Maintain Upside Bias in Coming Week

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.

The EUR/USD is rising after the release of inflation data showed no change from analyst’s expectations.

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 EUR/USD remains in a short-term uptrend as the new trading week begins.

Euro seen softer as ECB confirms cuts to inflation forecasts.