EUR/USD: what do the analysts expect?
Commerzbank: The outlook for EUR/USD will remain bearish as long as euro trades below $1.3242 (May 1 high).
BBH: If EUR/USD bounces to $1.3030/60, it will be a new selling opportunity. Euro may retest 2013 low near $1.2750 until the end of June.
Danske Bank: The market’s sentiment appears to have shifted to a more bullish USD after the sharp rise in US bond yields and USD/JPY breaking above 100.
Deutsche Bank: There was a bit of short squeeze in EUR/USD, but it has run out. The talk of negative rates is putting a ceiling on euro and while a cut is not our baseline scenario, there is a risk of it happening. The ECB has signaled that there may be further monetary easing, including a cut in the deposit rate currently at 0 – negative prospect for EUR.
Chart. Daily EUR/USD