EUR/USD (Danske Bank) : Is it time to buy the Euro with a view to an increase of the long-term ?

Danske Bank note upside risks for EUR/USD on the Forex in the medium and long terms.

«We see EUR/USD around current levels during the 1-3 months, but note that risks to our forecast of 1.19 for 3-6 months are tilted to the downside, with a key risk being the Fed more hawkish.

That said, we do not believe that EUR/USD has the potential to fall much more, with 1.1660 a key support, and we like buying on pullbacks at Q4 2017 for a rebound in the direction of 1.25 in 2018 (the target is 12 months), while the upside risks dominate in the long term. «

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