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Analysts: EUR/USD prospects

Danske Bank: EUR/USD could be near a short-term peak. However, this week the risks remain to the upside as lower US inflation expectations leave a risk of the FOMC sounding more dovish and the market pricing a later date for QE tapering.

TD Securities: Despite the break through $1.3200/1.3300, EUR rally is not sustainable. However, we have been thinking that for a couple of weeks now and there is no clear sign of a turn lower, so EUR/USD may easily test the $1.3500 area (76.4% Fibonacci).

BBH: The lows from March and May in the $1.2750-$1.2800 area may be a double bottom pattern
with the neckline near $1.3200. The minimum objective of the pattern is seen at $1.3650-$1.3700 (near the year's highs). A move back down through $1.3200 would negate the double bottom.

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