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The euro continues suffering from the Italian constitutional crisis but holds above 1.1500 for now.

Here is their view, courtesy of eFXdata:

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.

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