Wells Fargo analysts have projected a potential recovery for the dollar, following a previous surge above 1.1550 in late April. Currently, the euro to dollar (EUR/USD) exchange rate has entered a consolidation phase with support below 1.1250. The firm anticipates that the dollar could gain ground throughout the second quarter. They expect EUR/USD to retreat to approximately 1.10 by the end of the second quarter. Market participants should keep an eye on these forecasts as they may significantly impact trading decisions in the coming months.