Despite the calmer conditions in the stock market, the selling pressure on the EUR/USD has resumed, writes Fawad Razaqzada, Market Analyst at City Index.

EUR/USD at risk of further Fed rate cut repricing, seen capped at 1.10.

The market remains too optimistic about the prospect of Federal Reserve rate cuts, and disappointment will lead to a notably weaker Euro over the first quarter of 2024.

Foreign exchange markets are underestimating the European Central Bank's resolve to maintain interest rates at current levels through the first part of 2024, according to a new analysis.

The Euro to Dollar exchange rate is unlikely to hold gains above 1.10 over the coming days, according to a new analysis. However, a weak U.S. inflation report on Thursday could keep the pair supported above 1.09 into the weekend.

Your outlook on the Euro in 2024, therefore, depends on where you place the ECB on the rate cutting spectrum.

According to a year-ahead outlook briefing from one of Scandinavia's biggest banks, the Euro to Dollar exchange rate can rise to 1.11 before a multi-month decline sets in.

It's a counter-consensus call for U.S. Dollar strength in 2024 from one of the world's banking giants, resulting in the Euro to Dollar exchange rate ending the year closer to parity than 1.10.

EURUSD respects overhead resistance, but setup still supportive.

Dollar weakness is a conviction call for 2024 at Amundi, Europe's largest asset manager.

EURUSD short-term outlook deteriorates, ECB in focus on Thursday, look for pushback against cuts.

The Euro-Dollar could recover lost value if the European Central Bank (ECB) next week pushes back against rising expectations for interest rate cuts.

The Euro to Dollar exchange rate (EURUSD) looks set to struggle in 2024 and could disappoint those looking for a material fall in the Dollar.

Bank of America's 2024 forecasts confirm it is more bearish on the U.S. Dollar than the consensus, with analysts saying Federal Reserve interest rate cuts "matter more for the market" than cuts at other central banks.

The Euro's rally against the Dollar suffered a setback last week, but the uptrend remains intact from a technical perspective, and a soft U.S. labour market report on Friday could offer a reboot.

December is traditionally a good month for the Euro to Dollar exchange rate as seasonality tends to be supportive, although the usual caveats apply according to one strategist we follow.

The Euro to Dollar exchange rate continues to exhibit signs of strength that can see it extend its short-term rally, according to Fawad Razaqzada, an analyst at City Index.

EURUSD momentum stays positive, further gains to 1.10 possible even as momentum appears to be waning short-term.

The Euro to Dollar exchange rate had its best week since July last week, but analysts note the advance leaves the Eurozone's single currency looking overextended and at risk of setback over the coming days.

Broader patterns suggest a potential bull consolidation ahead of another push higher in the EUR.