Euro Forecast: EUR/USD, EUR/JPY, EUR/GBP
Looking ahead, the Euro is facing some key challenges against major currencies like the US Dollar, Japanese Yen, and British Pound.
EUR/USD: The Euro is expected to face pressure against the US Dollar as the Federal Reserve is likely to continue raising interest rates, making the Dollar more attractive to investors.
EUR/JPY: The Euro may also struggle against the Japanese Yen as uncertainties surrounding global trade tensions persist, leading investors to seek safe-haven assets like the Yen.
EUR/GBP: With Brexit negotiations still ongoing, the Euro could see volatility against the British Pound as market sentiment shifts based on the latest developments in the talks.
Overall, the Euro may face some headwinds in the coming weeks against these major currencies, so traders should remain cautious and stay updated on the latest market trends.