Euro Forecast

EUR/USD subdued after recovery effort stifled, ECB-Fed divergence cementing yield handicap.

GBP/EUR in big breakout aided by BoE policy outlook, as inverted head & shoulders places 1.22 in pipeline.

Danske Bank maintain expectations for Euro-Dollar downside and have lowered their 12-month ahead forecast for the exchange rate.

Technical analysis from Credit Suisse reveals Pound Sterling is on target to test levels closer to 1.21 as a part of a "significant trend" higher.

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.