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EUR/USD could test 1.20 in 12-month – Danske Bank

FXStreet (Edinburgh) - Senior Analyst at Danske Bank Christin Tuxen sees the pair reaching the 1.20 mark within a year’s time.

Key Quotes

“We think the low in EUR/USD will arrive in 3-6M and now see the cross at 1.12 in 3-6M (1.10 previously) with the possibility of dipping temporarily towards 1.10”.

“Given that we see no sustained trend in relative monetary policy in H2 16, we expect to eventually see a gradual move higher in the cross towards the levels warranted by medium- to long-term fundamentals. Notably, we now see the pair at 1.20 in 12M (1.15)”.

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