Forecast of Danske Bank for EUR/USD

 Analysts at Danske Bank continue to expect that EUR/USD will move in the range of 1.0350/1.0750 for the foreseeable future. They believe that currency markets saw broad weakness of the euro against the currencies of G10 on Monday after a representative of the European Central Bank Nowotny mentioned that any discussion about a narrowing of the stimulus program, as well as data on German inflation, which came below expectations, reduce the pressure on the ECB to cut incentive program of quantitative easing. EUR/USD fell to 1.0620, report analysts.
The euro rose amid market concerns about the ban on the entry of foreigners introduced by Trump. Bank analysts still expect that EUR/USD will trade in a range of 1.0350-1.0750 over the coming months.