EUR/USD has shied away from testing the 1.1485 area. Economists at Rabobank expect the pair to trade below this level but the shared currency could find support from the European Central Bank (ECB) hawkish tilt.
EUR/USD has the potential to end the year at a more robust level
“In the near-term, we see risk that EUR/USD continues to shy away from breaking about the 1.1485 area with the USD finding support from US inflationary fears.”
“The ECB’s tilt will have awakened EUR bulls and strengthened the view that EUR/USD has the potential to end the year at a more robust level.”
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