FXstreet.com (San Francisco) - Without any doubt, the USD has strong safe haven value and, in times of extreme market uncertainty, the USD performs well under risk aversion.

“That said, USD fundamentals leave a lot to be desired and over the past two years this fact has provided plenty of support for EUR/USD,” comments Rabobank. “In the months ahead we expect that weakness on both sides of the Atlantic is likely to pan out into more choppy range trading for EUR/USD.”