Analysts from Danske Bank, forecast EUR/USD will move higher during 2019. They see the US-China trade deal as a trigger to the upside. Key Quotes: “If the eurozone outlook continues to deteriorate, the ECB will have to postpone the first hike further. This could happen in the absence of a trade deal near term and/or a no-deal Brexit.” “Carry momentum for USD is fading on the back of Fed’s soft rhetoric, and even if another rate hike or two may be in the cards, we do not think this will be a major source of dollar support. We have for long been arguing that the next big move in EUR/USD is higher as monetary-policy divergence fades and the cross is undervalued. While a Fed that is now effectively on hold has been the first stage, we think the next trigger for a continued rebound will be a US-China trade deal: this should benefit the open and China-dependent eurozone economy (EUR positive). Whether the ECB will fuel a third stage in this rebound remains an open question, but a first hike looms as a key EUR-supportive factor.” “For now, 1.15 should act as an attractor for the cross. We have left our forecast profile unchanged and continue to see EUR/USD at 1.15 in 1M, 1.17 in 3M, 1.20 in 6M and 1.25 in 12M.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Binance Coin (BNB) market update: BNB spikes 35% in a week, investors are buying frantically FX Street 3 years Analysts from Danske Bank, forecast EUR/USD will move higher during 2019. They see the US-China trade deal as a trigger to the upside. Key Quotes: "If the eurozone outlook continues to deteriorate, the ECB will have to postpone the first hike further. This could happen in the absence of a trade deal near term and/or a no-deal Brexit." "Carry momentum for USD is fading on the back of Fed's soft rhetoric, and even if another rate hike or two may be in the cards, we do not think this will be a major source of dollar support. We… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.