EUR/USD still eyes 1.18 in 12-month – Danske Bank

By FXStreet Analyst at Danske Bank Kristoffer Lomholt believes the pair could edge higher towards 1.18 in a year’s view.

Key Quotes

“We still look for some more short-term EUR/USD downside on cleaner positioning and the cyclical picture favouring the US”.

“While our 1M forecast for EUR/USD is 1.12, risks remain skewed towards a somewhat larger drop going into the final month ahead of the UK/EU referendum”.

“Importantly, we still expect the cross to head higher towards 1.18 on a 12M horizon on flows and valuation”.
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Source:: FX Street