BTMU FX Strategy Research discusses EUR/USD outlook into year-end expecting that following a period of consolidation in Q4, there is a scope for the EUR to advance further in 2018.
"The euro has suffered from years of crisis and existential risks that we believe are unlikely to resurface again any time soon.
Investor demand for eurozone equities is currently at a record and this investor shift in sentiment has more to run next year which will allow for further euro gains ahead," BTMU adds.
In line with this view, BTMU targets EUR/USD at 1.18 by end of year and at 1.20 by Q1 2018.
Source: BTMU ResearchOriginal Article
