Bank of America Forecast: EUR/USD Challenges 1.16 Again, Crucial Period Ahead to Validate 1.20

  • After hitting fresh 3-year highs above 1.16 earlier in June, the Euro to Dollar (EUR/USD) exchange rate retreated to near 1.1450 before a fresh attack on resistance above 1.1600. UoB considers that this latest move could be a key test in determining whether EUR/USD can extend gains.