The Euro to Dollar exchange rate (EUR/USD) is forecast higher at HSBC with analysts saying their conviction has been cemented by the most recent set of Balance of Payment (BoP) figures from the Eurozone.

UniCredit Bank forecasts further Euro gains against the Dollar that will bring new year-to-date highs above 1.10.

The Euro to Dollar exchange rate has run aground following a month-long rally and might now consolidate its recent gains this week but with prospective dip buyers already queueing in the wings, the single currency could also find itself well supported when near and below the 1.08 handle up ahead.

BNP Paribas Securities Corp's Head of Americas Macro Strategy, Calvin Tse, has suggested that the US dollar (USD) could be set for a multi-year structural decline due to several factors.

Stock index futures and crude oil also jumped. The EUR/USD neared 1.10.

The Euro to Dollar exchange rate shifted back onto its front foot and appeared poised for further gains in the opening session of the holiday-shortened week but would likely struggle to advance beyond a nearby technical resistance level without further losses for the greenback over the coming days. 

"I reckon it is a matter of time before the EUR/USD breaks that barrier" - Fawad Razaqzada, City Index.

Currency tacticians at HSBC are looking for the Dollar to test 2023 lows over the coming weeks, allowing for a higher EUR/USD.

The Euro to Dollar exchange rate set itself on course for a sixth week of gains to open the new month but its recovery could be hampered by profit-taking above the nearby 1.09 level up ahead where a double-barreled layer of technical resistance also impedes the path higher from the charts.

The Dollar index is poised to extend its recent run of losses, according to a new analysis, a move that will offer a near-term boost for EUR/USD.

EUR/USD supported at 1.0725 & 1.0621 short-term, sees scope for a further attempted recovery beyond 1.08.

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 has spent six weeks consolidating within a narrow range  but could attempt a breakout to the up or downside following this Wednesday's Federal Reserve interest rate decision and forecast update.

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.

The Euro to Dollar exchange rate rallied sharply into the new week and could yet rise further up ahead but will also be at risk of setback if U.S. inflation becomes any more of a 'wicked problem' or should the latest interest rate guidance from the European Central Bank (ECB) leave the market dispirited.

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

The Euro to Dollar exchange rate appeared to draw a line under its February losses last week but would likely need the benefit of stronger international tailwinds if it is to sustain any recovery beyond a nearby technical resistance around 1.0725 on the charts over the coming days.  

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.

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

EUR/USD battling to hold support at 1.0679 on charts, aided by hardening ECB resolve but at risk from USD.