Euro Forecast

We are seeing the limits of Pound Sterling's advance against the Euro, according to a strategist at Société Génénerale.

Goldman Sachs have raised their forecasts for the British Pound against the Euro following a strong start to 2022 for the UK currency.

EUR/USD could draw dip buyers near 1.1380 as technical bottom appears to form on charts.

GBP/EUR looking to hold above 1.1950, with supports near 1.1954, 1.1920, 1.1864.

EUR/USD faces resistance near to 8-week high as 1.1359 & 1.1373 frustrate recovery attempt.

GBP/EUR could attempt a recovery of 1.2000 but is facing resistance at 1.1998, 1.2015 & 1.2051.

EUR/USD is forecast by Citi to extend lower as the Dollar rallies into the first Federal Reserve interest rate hike.

EUR/USD supported above 1.13 & 1.1260 as EUR eyes Eurozone CPI and key U.S. data.

Profit taking may prompt setback, test of 1.1830, as consolidation could follow holiday rally from 1.17.

GBP/EUR looks to hold 1.18, struggles at 1.1869 after six-day rally stalled at resistance on charts.

The outlook for the British Pound is not as poor as current investor sentiment would suggest, says a leading Wall Street investment bank.

EUR/USD in midst of bearish breakdown on charts and a loss of support near 1.1292 warns of further losses.

GBP/EUR supported at 1.1741 & 1.1683, upside bias seen to prevail above 1.1683.

EUR/USD could see choppier trade this week as range-bound consolidation could be resolved by central bank policy decisions.

The Pound to Euro rebound risks being undermined by new Covid restrictions, the weight of which could potentially act to pull Sterling back near to 1.1550 this week or thereafter.

The Pound to Euro exchange rate is expected to appreciate in coming months according to foreign exchange analysts at Commerzbank, the Frankfurt based lender and global financial services provider.

The Dollar's run of strength that saw it dominate global FX markets in 2021 is not set to end soon, according to one of the largest lenders in the United States.

"Peak EUR" has passed and further losses are likely in 2022 say foreign exchange strategists at Danske Bank, who have released their top trades for 2022.

EUR/USD attempting to stabilise above 1.1290, aided by global market weakness and risk aversion.

The Pound to Euro exchange rate has unwound much of its Q4 rally and risks slipping back toward early November’s lows in the 1.1630 area if the market continues to eschew risk currencies in favour of safe-havens over coming days.