Euro Forecast: EUR/USD Lost 1% Last Week, Further Losses Ahead?
Original excerpt
A near-1% weekly fall leaves the Euro exposed to further Dollar gains, although both banks see ECB tightening limiting the decline. The Euro to US Dollar exchange rate (EUR/USD) finished Friday near 1.1486, almost 1% lower over the week, with ING warning of a possible test of 1.1
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Euro: Downside bias toward 1.1400 against US Dollar – UOB
EUR/USD technician signals 1.1400 as key support level; breach could accelerate USD strength in G10 positioning.
Euro: PMI strength limits downside against US Dollar – BBH
Strong eurozone PMI data provides technical support for EUR/USD, constraining further dollar strength from macro momentum alone.
Euro: De-escalation risk weighs on EUR against US Dollar – Commerzbank
Peace negotiations or geopolitical de-escalation would reduce safe-haven demand and remove structural EUR support, pressuring EUR/USD toward lower levels.