EUR/USD seems to have anchored itself in a 1.05-1.10 trading range. Economists at TD Securities see see much more upside than downside in the quarters ahead.

EUR/USD Q2 forecast at 1.15

“EUR/USD seems to have anchored itself in a 1.05-1.10 trading range. At current levels, we’re around the mid-point of that range, leaving us waiting for better levels to engage.”

“We see much more upside than downside in the quarters ahead, reflecting our Q2 forecast of 1.15. Still, we prefer to exercise patience, aiming to buy towards the lower end of the new range.”