Published research this week leans bearish on EUR/USD, flagging a near-term test of 1.1400 on the downside.
The case, as laid out in recent third-party analysis, rests on diverging monetary policy. Analysts point to a dovish shift from ECB President Lagarde, who signaled no urgency for further rate hikes and voiced confidence that inflation is heading back to target. That, the research argues, removes a key pillar of euro support.
On the other side of the trade, the published consensus sees the dollar staying firm — backed by resilient US economic data and a Federal Reserve that continues to strike a hawkish tone.
Some recently-published views add that any soft print in upcoming Eurozone PMI surveys (a widely-watched gauge of business activity) would deepen the euro's underperformance. The framing across these notes is that risks for the pair sit asymmetrically to the downside.
Net read from the research: catalysts line up against the euro in the near term, with 1.1400 cited as the level to watch.