Bank of America: EUR/USD: A Downtrend Continuation Pattern Has Formed Targeting 1.1240 - eFXdata
EUR/USD — All Desk Targets
| Firm | Stance | YE 2026 |
|---|---|---|
Goldman Sachs | Bearish | 1.1200 |
MUFG | Bullish | 1.1800 |
J.P. Morgan | Bearish | 1.1300 |
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Bank of America: EUR/USD: A Downtrend Continuation Pattern Has Formed Targeting 1.1240 eFXdata
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The desk believes that the EUR/USD pair is poised for a potential rebound, driven by recent volatility in the markets and the European Central Bank's (ECB) commitment to maintaining a hawkish stance. Per the full note from Bank of America, the pair is expected to face resistance around the 1.075 level, with a near-term outlook suggesting a possible move towards 1.10 if market conditions stabilize. Current positioning indicates that traders are increasingly favoring the euro, as evidenced by recent shifts in speculative positioning. The desk frames this as a critical juncture for the pair, especially in light of the ECB's recent comments on inflation and interest rates.
Euro-Dollar Downside Has Further To Run - Bank Of America EUR/USD Forecast - Exchange Rates UK
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