EUR/USD Exchange Rate Forecast from SocGen

The Euro to Dollar (EUR/USD) exchange rate recently tested the 1.15 level, post-ECB policy decision. While it then settled around 1.14 as the dollar made slight gains after job data, SocGen forecasts a range-trading phase ahead for the pair.

Despite recent dislocations from yields, the outlook suggests minimal dollar gains in the short term. Traders should prepare for a phase of EUR/USD trading that likely remains between 1.15 and 1.20 as dynamics evolve.

In summary, focusing on these insights can guide trading strategies moving forward. Analysts should stay attuned to market movements that could influence this critical currency pair.