EUR/USD is under pressure, as the US dollar has shown some strength lately. What is the outlook for the pair into -year-end? Here is their view, courtesy of eFXdata: Bank of America Global Research maintains its EUR/USD profile unchanged targeting the pair through 1.14 into year-end. “We expect a USD rally into the election and possibly beyond, depending on the outcome. We continue to expect a decline in EUR/USD to 1.14 by the year-end, significantly below current levels, rebounding again next year as the global recovery eventually takes hold. An increase in FX risk premium amid more volatile market conditions – which we believe are consistent with present high uncertainty and lack of official policy support – appears a necessary condition for a USD rally, however,” BofA notes. “For next year, we expect EURUSD at 1.20. Our long-term equilibrium range estimate is 1.20-1.25,” BofA adds. For lots more FX trades from major banks, sign up to eFXplus . By signing up for eFXplus via the link above, you are directly supporting Forex Crunch. Kenny Fisher Kenny Fisher Kenny Fisher - Senior Writer A native of Toronto, Canada, Kenneth worked for seven years in the marketing and trading departments at Bendix, a foreign exchange company in Toronto. Kenneth is also a lawyer, and has extensive experience as an editor and writer. Kenny's Google Profile View All Post By Kenny Fisher Daily Look share Read Next USD/CNH poised for extra upside to 6.86 – UOB FX Street 2 years EUR/USD is under pressure, as the US dollar has shown some strength lately. What is the outlook for the pair into -year-end? Here is their view, courtesy of eFXdata: Bank of America Global Research maintains its EUR/USD profile unchanged targeting the pair through 1.14 into year-end. "We expect a USD rally into the election and possibly beyond, depending on the outcome. We continue to expect a decline in EUR/USD to 1.14 by the year-end, significantly below current levels, rebounding again next year as the global recovery eventually takes hold. An increase in FX risk premium amid more volatile market conditions… 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.
