Euro Forecast

EUR/GBP a sell this week says Crédit Agricole model, Equals Money notes GBP/EUR to be in an uptrend.

GBP/EUR attempting recovery of key average at 1.1389  

The Dollar is ultimately set to appreciate against the Euro over the coming weeks and months say analysts at Danske Bank.

The Euro to Dollar exchange rate came close to its new year low at one point this week but would trigger a technical reversal of its six-month recovery trend on the charts in the event of any daily close below the 1.0548 level, according to technical analysis from BofA Global Research.

Technical strategists at Swiss bank Julius Baer have closed all short U.S. Dollar short positions in the wake of recent price action.

Improved sentiment saw Pound Sterling recover from its lowest levels since September and end February with a gain against the Euro, and March could see further gains according to some analysts we follow.

The Euro to Dollar exchange rate entered the new week looking for a foothold near 2023 lows but at risk of a deeper corrective setback following broad gains for the greenback, which could be likely to keep many currency counterparts on the defensive in the days ahead.

Foreign exchange strategists retain a cautious stance on Pound Sterling and see the potential for further weakness against the Euro over the short- to medium-term.

The Euro's ongoing decline against the Dollar has further to run say foreign exchange analysts at a leading international investment bank.

Deutsche Bank holds positive EUR/USD view for 2023.

2023 will be tough for GBP says Bank of America, but 2024 has silver linings.

The pullback in the Euro has further to run with strategists at Rabobank saying currency markets have further adjustments to make on account of the Federal Reserve's message on interest rates.

The British Pound could be in for a prolonged decline against the Euro say foreign exchange specialists at one of the world's largest foreign exchange prime dealers.

EUR/USD tests technical support at 1.0679 on charts, risks deeper corrective setback to 1.0535 short-term.

GBP/EUR in longest stretch of gains since September, but faces multiple technical resistances once past 1.13.

A leading foreign exchange analyst says that EUR/USD has peaked for now, unless the Eurozone's energy crisis can be truly considered solved.

The Euro to Dollar exchange rate was turned away from 10-month highs last week, leaving the outlook hanging in the balance and meaning it might be fortunate if able to avert further declines over the coming days.

The Euro to Dollar exchange rate tumbled ahead of the weekend but would likely retain an upward bias for as long as it remains above the nearby 1.08 handle and could as fall as far as 1.06 following any loss of the aforementioned level, according to TD Securities.

For Euro-Dollar, the "bigger picture" remains one of ongoing strength.

Buy the Pound against the Euro ahead of the February 02 Bank of England meeting says Barclays.