FXStreet reports that economists at Rabobank stick to the view of lower EUR/USD ahead.
“We are viewing the current pullbacks in the USD as corrective and continue to expect the USD to push higher over the medium-term.”
“While the recent sell-off in the EUR suggests it may be more sensitive to hawkish remarks from ECB members in the build-up to forthcoming ECB meetings, the cautious stance of the policy guidance from the central bank suggests that room for a concerted recovery in the EUR is still limited.”
“We retain our three-month forecast of EUR/USD 1.15.”