Published research this week leans bullish on the euro against the dollar, with one direct trade call pointing to a tactical move higher and a wider chorus of analysts flagging dollar softness as the enabling backdrop.
The core mechanical argument, as one camp of researchers frames it: the drop in short-dated US yields is pulling EUR/USD back toward short-term fair value, with upside targets cited around 1.1585 and 1.1650. A separate strand of recently published work highlights strong international demand for eurozone assets — steady inflows into the region's bonds and equities as global investors trim US equity exposure and diversify.
Analysts also point to upcoming eurozone current account data and scheduled ECB speakers as near-term catalysts that could keep euro momentum intact.
Zooming out, the consensus read is that softer US inflation and jobs prints have taken some steam out of Fed tightening bets, creating a permissive environment for euro upside — even where EUR/USD isn't the direct focus of the call.