eFXdata reports that Danske Research discusses EUR/USD outlook.

"We view fair value for EUR/USD to be a 1.08-1.20 range, depending on the model employed. Either way, at current levels, valuation is neutral if not an outright headwind for spot. There are a number of ‘second-round’ effects, which could strategically signal or entrench dollar weakness, which we are not seeing. These include 1) broad deregulation, 2) a dollar-based credit boom, 3) strong performance in Latin American assets, 4) a dollar-negative terms of trade shock and 5) a strong rise in European earning expectations versus US. A change in these factors will be key to changing our view on long-term dollar outlook," Danske adds.