Euro Dollar Exchange Rate Forecast 2014: 1.4 USD Target Unlikely at This Stage

euro dollar exchange rate forecast 2014 2015

The Euro Dollar exchange rate is currently forecast to retain a longer-term upside path as suggested by the above graph. This even as we see the euro rate complex slump in the wake of a warning from the European Central Bank that further lossening policy may be announced in June confirming to us that short-term noise and volatility will likely persist.

However, for technical followers the ultimate question is where the key resistance and support levels for the near-term and the longer-date 2014 to 2015 timeframes lie?

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