Euro Forecast

GBPEUR nursing wounds following another weekly loss, but starting to look oversold says ING.

EURUSD back in the bear camp, sub-1.15 levels could be encountered.

One of Europe's largest banks has taken a knife to its forecast for the Euro to Dollar exchange rate (EURUSD), however, the exchange rate is still expected to appreciate as 2024 gets underway.

The British Pound looks set to reboot its rally against the Euro and Dollar over the coming months according to analysis from Bank of America Merrill Lynch.

EURUSD short-term technicals positive, but be wary of the USD trend rebooting.

GBPEUR is supported as long as above €1.1490, €1.16 a tentative target.

The Euro is tipped to recover in a decisive fashion against the Dollar as the U.S. Federal Reserve still looks on course to 'outcut' the European Central Bank (ECB) in 2024.

The British Pound can recover against the Euro as Germany's economic growth outlook deteriorates, but further losses against the Dollar can be expected.

Analysis of the world's most comprehensive dataset on how investors are positioned on foreign exchange markets suggests the Euro could be on track to test parity with the Dollar once more.

EURUSD upside correction can extend, Gains to 1.0675/1.0725 possible.

Pound Sterling is set to remain vulnerable against the Euro over the coming days and a test of the solid support zone at 1.15 could well come into play in a week devoid of data and events on the calendar for either the Eurozone or UK.

Rabobank has slashed its forecasts for the Euro to Dollar exchange rate (EURUSD) amidst mounting pressures on the European economy which should mean the Eurozone falls into recession ahead of the U.S.

The Euro could be set to bounce against the Dollar and rise over the coming weeks, however, those wanting a strong Euro should be agile as the rally is expected to be short-term in nature.

The Euro to Dollar exchange rate remains vulnerable to further losses and looks set to take another step towards the 1.05 level over the coming days, although Eurozone inflation on Friday could offer some relief.

The British Pound has lost value against all its G10 peers over the past month with losses accelerating in the previous week, but our five-day forecast suggests some of those losses can be unwound.

"Is our EUR/USD target of 1.05 too optimistic?" asks Meera Chandan, FX Strategist at JPMorgan in a recent currency market update.

Despite a month of selling, the British Pound is unlikely to experience significant weakness going forward according to new research from one of Europe's most prominent investment and commercial banking providers.

The Euro looks set to remain under pressure against the Dollar over a multi-week basis now that it has broken below a key level on the charts, but in a week devoid of Eurozone data Wednesday's U.S. Federal Reserve decision could offer the single currency some relief.

GBPEUR continues to respect a well-understood range, but the downside boundary is coming back into focus.

Researchers at investment bank TD Securities have released a 'cheat sheet' that offers some insights into potential targets for the Euro-Dollar exchange rate (EURUSD) on the various outcomes likely to emerge from the European Central Bank's interest rate decision.