Published research this week leans bullish on EUR/USD, with a clear majority of analysts looking for the pair to move higher and only one prominent contrarian holding a medium-term bearish call.
The bullish case, as laid out across recent research notes, rests on three pillars: broad dollar weakness after a dovish Fed, stronger-than-expected Eurozone growth and inflation, and crowded long-dollar positioning that looks ripe for unwinding. One camp of analysts sees buyers stepping in around 1.150 but questions whether a push above 1.160 is sustainable without further dollar repricing. A technical thread of that same research flags 1.15 as pivotal support — hold it, and a run toward 1.18 opens up. A separate multi-year forecast targets that same 1.18 level by end-2027, citing narrowing rate differentials and firmer euro-area growth.
Some strategists frame a long-euro position as contrarian, arguing it should deliver strong risk-adjusted returns over the next three to four months as dollar longs unwind.
The dissenting view: research arguing the euro is already trading above fair value, with convergence lower expected over the medium term.