EUR/USD: Break below 1.13 mark – Danske Bank

Analysts at Danske Bank point out that the EUR/USD finally broke below the technically important 1.13 mark yesterday.

Key Quotes

“We maintain that the cross is set for a decent recovery back to the mid-1.20s in 2019, we still see a range of factors keeping the cross under pressure towards year-end, notably the relative cyclical and yield outlook.”