FXstreet.com (Barcelona) - Recently the EUR/USD has paused for breath following the strong opening to euro area markets this year. However, according to Brian Martin and Amber Rabinov at the ANZ Research Team, “the consolidation may also reflect a lack of conviction to commit to new positions in the short term given the recent volatility in price action.”

Ultimately, “we retain our constructive outlook on the currency, view dips as buying opportunities and anticipate further appreciation in EUR/USD towards 1.4000-1.4500 this year.” they add.