EUR/USD Price Forecast: Euro stalls below 1.1475 despite US Dollar weakness
The EUR/USD currency pair remains under pressure, stalling just below the 1.1475 mark in a context characterized by a broadly weaker US Dollar. While FXStreet highlights this resistance point, the continued bullish sentiment among various institutional forecasts indicates potential for upward movement in the medium term. This divergence between immediate price action and longer-term outlook is critical as traders gauge the euro's momentum against the dollar.
Where it sits in our coverage
Our consensus EUR/USD target currently stands at 1.1700 for March 2026, reflecting a range from 1.1200 (Citi) to 1.2000 (Deutsche Bank). The majority of firms, including Scotiabank (1.1734) and Goldman (1.1800), are projecting moderate bullishness aligned with the euro's potential strength.
How firms align
Firms like Scotiabank (1.1734) and Goldman Sachs (1.1800) support a positive outlook for the euro, suggesting alignment with the market's current momentum. Conversely, Citi's more cautious target of 1.1300 paints a contrasting picture, indicating caution around euro strength near current resistance levels.
What the data shows
Recent forecast revisions from firms such as MUFG (raising their March 2026 target to 1.1800) lend credence to a more optimistic scenario for the euro. Additionally, insights from our research highlight that EUR/USD currently sits 4.82% below the December 2026 consensus of 1.20, suggesting room for potential upside.
How firms align with this view
Aligned with the headline view
Contrary positioning
Key takeaways
- 01EUR/USD stalls below 1.1475 amid US Dollar weakness.
- 02Watch for break above 1.1500 for bullish signals.
- 03Revisions indicate rising bullish sentiment, especially from firms like MUFG.
- 04Resistance near 1.1475 remains pivotal for near-term trading.
Market implications
Upcoming economic data releases, particularly US employment figures, could be pivotal for the euro's trajectory. A decisive move through 1.1500 may signal a challenge to recent resistance levels. Our consensus target of 1.1700 reinforces the potential for further appreciation.
Risks to this view
Any surprises in upcoming US economic data that suggest renewed dollar strength could invalidate this bullish view on the euro. A failure to maintain above 1.1400 may also lead to a reassessment of bullish forecasts.
Sentiment by currency
USD~EUR~JPY~GBP~Composite USD score: +0.00
Sources & References
How we cover this story
Other coverage on this pair
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Euro: Upside bias capped by resistance against US Dollar – UOB
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