Morgan Stanley are certain in buying EUR/USD with target 1.17

Currency strategists at Morgan Stanley remain confident in their strategy for portfolio, which includes purchases of EUR/USD without any adjustments and without adding new deals for major currencies.
They say that the slower increase in US interest rates lead to lower volatility in the market and keeps the dollar weak against high-yielding currencies like the Australian dollar and the New Zealand dollar and against the Brazilian real and the Russian ruble in emerging markets.
The index of the dollar managed to rise above the peaks in July. This is an important technical indicator that shows the potential reduction of current levels by 4-5%.
Now the analysts' attention will be focused on higher-yielding currencies, but they also see potential for growth in the EUR/USD to 1.1700.