EUR/USD: In the process of moving into a higher trading range between 1.1000 and 1.1500 – MUFG

Economists at MUFG Bank expect the EUR/USD pair to enjoy further gains in the coming months. 

Room for EUR/USD rebound to extend

“The narrowing policy divergence between the ECB and Fed in the coming months should continue to encourage a further move higher for EUR/USD.”

“The pair is currently in the process of moving into a higher trading range between 1.1000 and 1.1500.”

See: 

• EUR/USD to see a mild appreciation toward year-end – Nordea

• EUR/USD: There is an inflation disadvantage for the Euro – Commerzbank