Economists at TD Securities are nonetheless cautious near-term on the EUR/USD pair as the worldwide progress impulse is worsening.
A push to 1.02 will possible cap upside
“We’re nonetheless cautious on EUR/USD as the worldwide progress impulse continues to downshift.”
“A transfer beneath 0.99 must be seen as a affirmation of a return to the downtrend channel, whereas a push to the 1.02 mark will possible cap upside.”
See: The euro needs growth expectations to shift more than it needs higher rates – SocGen