eFXdata reports that MUFG Research discusses EUR outlook.

"The US dollar has advanced against all G10 currencies last week as China growth concerns and COVID risks undermine risk assets and lift the dollar. Fed Chair speech will be the focus this week and we see reason for some caution in guidance that should dampen speculation of a sooner and faster QE taper. But the dollar is set to remain supported until COVID uncertainties clear although we argue that impressive macro fundamentals in the euro-zone could limit the downside in EUR/USD from here," MUFG adds.