Euro Forecast

Pound Sterling edged lower against the Euro through the latter part of February, but we see ongoing resilience in March.

EUR/USD can see near-term strength, month-end USD selling could offer tactical opportunities.

Pound Sterling retains a constructive setup against the Euro, and further advances can be expected this week, but a strong Eurozone CPI print would likely boost the Euro.

U.S. growth exceptionalism and China's pessimism should keep the USD well supported against the Euro in the first half of 2024, says Lombard Odier.

One of Wall Street's biggest banks has raised its forecasts for the British Pound, saying it can benefit from its newfound status of "the USD of Europe".

The Euro to Dollar exchange rate has found solid support at 1.07 and we hold an upside bias for the coming five days with the potential for a positive PMI surprise informing this stance.

The coming days suggest scope for a further retreat from recent highs.

The EUR/USD broke below yet another key support area around 1.0720 to 1.0755, where it had previously found strong support back in December and, to a much lesser degree, on a couple of occasions earlier this month.

The Euro to Dollar exchange rate is on course to hit the 1.04 mark, according to analysis that follows the USD's jump in the wake of U.S. inflation data for January.

The Euro to Dollar exchange rate has been under pressure in 2024 but is unlikely to break below 1.0723 in the coming week unless we receive a blow-out U.S. inflation report.

The Pound to Euro exchange rate remains well supported by an abundance of technical support levels, but it will take a blow-out set of UK economic data releases to deliver fresh 2024 highs in the coming week.

"We may now be entering a period of euro weakness, like what we saw in 2013-2015."

The Euro endured its worst January performance since 2015 after declining by 2.2% against the U.S. dollar, yet further losses are likely, according to leading investment banks.

Euro-Dollar is trending lower and the balance of probabilities favours another weekly loss for the exchange rate as markets factor in a delayed start to the Federal Reserve's interest rate cutting cycle.

The Pound to Euro exchange rate has risen six weeks in succession and sits on the cusp of breaking to its highest levels since 2022.

EUR/USD under pressure near-term, but solid support could frustrate further weakness.

In the coming week, the Pound to Euro exchange rate could break to new multi-year highs or flop back below the 1.17 level again.

The Euro to Dollar exchange rate looks vulnerable to further declines over the coming days, with attention falling on the European Central Bank interest rate decision and the release of a key inflation gauge in the U.S.

GBP/EUR can decline back to key support, but weakness to remain limited.

Despite the calmer conditions in the stock market, the selling pressure on the EUR/USD has resumed, writes Fawad Razaqzada, Market Analyst at City Index.