**BREAKING: Rabobank Revises EUR/USD Forecast as Pair Breaks Below Key Level**
Rabobank has moved to reassess its euro-dollar forecasts after EUR/USD dropped beneath the bank’s previous one-month target of 1.15, according to Senior FX Strategist Jane Foley. The breach of this technical and forecast level signals weaker-than-expected performance for the common currency against the greenback, prompting strategists to recalibrate near-term expectations.
The bank now anticipates choppy, range-bound trading for the pair as market participants digest the breakdown and await fresh directional catalysts. The revision comes amid ongoing uncertainty over European growth prospects and persistent dollar strength driven by resilient US economic data.
Currency traders and portfolio managers with euro exposure should prepare for continued volatility without clear trending behavior in the immediate term. The forecast adjustment reflects shifting momentum that could influence positioning across G10 currency pairs and related derivatives.
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FXnCO Insight
** Traders should reduce directional bets on EUR/USD and adopt range-trading strategies while monitoring for breakout confirmation below 1.15 as a potential shorting opportunity.
Source: FXStreet