Forex Flash: EUR/USD expected to strengthen in near-term – Danske Bank

The bloc currency is consolidating intraday losses below the key mark at 1.3100 on Thursday, as risk aversion continues to dominate the markets.

“We would consider gradually adding EUR/USD longs from here. Given that the latest move lower in EUR/USD is a correction in an underlying bull market for risk assets - and crucially in our view not a market trend reversal -the main part of the EUR/USD correction should now be behind us”, suggested Analyst Christin Tuxen at Danske Bank.