Chief Analyst at Danske Bank Christin Tuxen noted the pair is viewed around 1.2000 in a 6-month horizon. Key Quotes “Short term we think the USD positives (carry appeal of USD, an ECB on hold for an extended period, Italian debt risks) will dominate the longer-term EUR positive impulses stemming from valuation and a turn in capital flows. Specifically, we expect EUR/USD to trade broadly within the 1.15-1.21 range over the next 6M period”. “But our medium-term story remains unchanged: the capital outflows of recent years will fade as we move closer to the first ECB hike. Alongside valuation, this is set to support EUR/USD in 6-12M”. “We continue to see EUR/USD at 1.17 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 EUR/USD gathering strength before the next move Yohay Elam 3 years Chief Analyst at Danske Bank Christin Tuxen noted the pair is viewed around 1.2000 in a 6-month horizon. Key Quotes "Short term we think the USD positives (carry appeal of USD, an ECB on hold for an extended period, Italian debt risks) will dominate the longer-term EUR positive impulses stemming from valuation and a turn in capital flows. Specifically, we expect EUR/USD to trade broadly within the 1.15-1.21 range over the next 6M period". "But our medium-term story remains unchanged: the capital outflows of recent years will fade as we move closer to the first ECB hike. Alongside valuation, this… Top 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.
