Barclays says in a new forecast revision it turns "less hopeful" on the British Pound's prospects, particularly against the Euro, Dollar and Swiss Franc.

The Euro appears to have lost the initiative against the Dollar with the coming week potentially resulting in further losses for the Eurozone's single currency according to new studies.

The European Central Bank (ECB) is unlikely to be supportive of the Euro when it meets on September 14 according to one analyst we follow who has assessed the foreign exchange landscape following the release of stubborn Eurozone inflation data.

"Euro-dollar is likely to come under selling interest if U.S. data revive Fed hike expectations, but the pair’s fate will not only depend on the U.S. data," says Charalampos Pissouros, Senior Investment Analyst at XM.com.

The Euro to Dollar exchange rate found support above its July lows early in the new week but the interplay between European economic data and China’s currency policy could be as important an influence on EUR/USD as the words of the world’s central bankers spoken from Jackson Hole, Wyoming over the coming days. 

The Euro to Dollar exchange rate entered the new week at one-month low but could find itself supported above nearby levels in the days ahead if the Euro-Renminbi pair continues to climb and U.S. economic data further suggests a ‘soft landing’ of the economy, though Chinese data might be a downside risk for the single currency.

The Euro to Dollar exchange rate trades within the upper end of its year-to-date range but while the technical backdrop on the charts hints at an uncertain outlook, the path ahead for the single currency could become clearer with the release of U.S. inflation figures for July later in the week. 

EURUSD's pullback from highs near 1.12 is no surprise to analysts at Commerzbank who reckon further near-term softness is justified, but the bank says it is sticking with forecasts that show a robust recovery by the time the new year is upon us.

The Euro to Dollar exchange rate has reversed much of its July rally but is underpinned by a dense cluster of technical supports immediately below the market and could have scope for a recovery to 1.1150 this week European inflation figures and U.S. labour market measures permit. 

Analysts are scouring the charts for clues as to what the European Central Bank's most recent guidance and decision means for the Euro's outlook against the Dollar.

It is too soon to bet against the Euro with Thursday's European Central Bank policy meeting likely to keep the door open to another interest rate hike in September, according to an analyst we follow.

The Euro to Dollar exchange rate entered the new week under pressure and likely at risk of deeper losses if a hawkish Federal Reserve (Fed) statement on Wednesday is followed by a more cautious European Central Bank (ECB) monetary policy update on Thursday and further indications of a deteriorating continental economy. 

New technical analysis from City Index shows the Euro to Dollar exchange rate (EURUSD) can retreat in the near-term ahead of an extension of the broader rally, with a rare 'harmonic butterfly technical pattern being observed.

Strategists at Barclays see diminishing value in chasing the Euro higher from current levels.

The Euro to Dollar exchange rate entered the new week at its highest since the invasion of Ukraine but technical resistances near and above 1.1273 on the charts could frustrate the recovery without either deeper losses for the Renminbi or a sustained rally from risky assets in the days ahead.

EURUSD rose a per cent to hit a 16-month high at 1.11 following the release of U.S. inflation data.

The Euro to Dollar exchange rate has held most of last month's gains during recent trade but its rebound from late May lows has lost steam and the ebb of momentum might now be likely to leave single currency surfing diminishing capillary waves along the nearby shoreline of 1.08 in the days ahead. 

"We think this is increasingly reminiscent of the late-1990s dotcom era, and now expect a similar bubble to form in the U.S."

The Euro is set to extend a rally against the Dollar through the second half of this year says a new strategy note from investment bank Nomura which argues the worst might have already passed for the Eurozone economic data pulse.

The Euro to Dollar exchange rate has held near June highs in recent trade but inflation figures out on both sides of the Atlantic this Friday will be key to whether the single currency remains well supported over the coming weeks or if it sets a course for a return toward 1.07 or below.