Confirmation comes from one of the world’s largest investment banks that they are not anticipating the EUR/USD to fall to parity.
French bank Societe Generale join the gang anticipating the Euro to par the Dollar in the current cycle.
The Euro has rebounded after reaching new lows at 1.0567 but it is currently being contained by tough overhead resistance.
The EUR/USD pair may fall even more deeply in the week ahead as the strong downtrend extends on fears of political instability in Europe.
The US Dollar has seen yet another burst of strength that propelled it to fresh 13-year peaks on a trade-weighted basis.
Barclays have released their latest forecasts for the world’s major currencies and 2017 confirm they are part of the ‘parity party’ on EUR/USD.
Donald Trump’s victory has led to a redoubling of bearish forecasts.
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