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Thomson Reuters
May 29 - 01:24 PM
EUR/USD: To Stay Below 1.20 For Longer; Next Key Support At 1.1479 - Danske
First appeared on eFXplus on May 29 - 11:45 AM

Danske Research discusses EUR/USD outlook and expects a new 2018 lows as the pair is heading towards the next key support around  1.1479 (20 Jul'17 low).

"Risks to our forecast profile are now clearly on the downside, and especially we emphasise that our 12M forecast (1.28) is challenged.

We now envisage an extended period during which EUR/USD will be stuck below 1.20 as support from ECB ‘normalisation’ has been postponed," Danske argues. 

Source:
Danske Research/Market Commentary

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