BITPRISMIA
UBS forecasts the EUR/USD exchange rate to reach 1.20, driven by factors such as ECB's hawkish stance, Eurozone economic resilience, and a potential dovish pivot by the Fed, signaling a relative weakening of the US Dollar.
The EUR/USD pair experienced a crucial Friday rally, offering relief to currency traders after weeks of downward pressure, driven by factors like shifting market sentiment and technical indicators signaling an oversold condition.