Anna 
The Euro to US Dollar (EUR/USD) exchange rate is currently at its highest level since mid-September. Economists at ING have analyzed the outlook for this currency pair.
Interest Rates Not Supporting EUR/USD at Elevated Levels
The US Dollar exchange rate still has some way to go in its decline to confirm the continuity of the US Dollar adjustment. From the EUR/USD perspective, considering that specific support for the Euro has become scarce and that the Euro is unlikely to rebound in the short term, it is particularly valid.
The Eurozone’s agenda for this week is quite calm, and data is unlikely to provide any significant assistance to the Euro.
Since there are no key US economic activity data this week, EUR/USD may fall below 1.0700 rather than surge to 1.0800.
