MUFG expects EUR/USD to recover toward 1.1800 as confidence improves
EUR/USD — All Desk Targets
| Firm | Stance | YE 2027 |
|---|---|---|
Goldman Sachs | Bearish | 1.1200 |
UOB | Neutral | 1.1450 |
Citi | Bearish | 1.1000 |
From the original
EUR/USD is currently trading the lower end of its year-long 1.1400-1.1800 range, having come under sustained selling pressure from the energy shock and fading ECB rate hike expectations. Improving business confidence readings and unexpectedly resilient industrial production data
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