EUR/USD: MFUG is bullish this week, ahead of the Fed meeting for which expectations are low

Friday, MUFG (Mitsubishi UFG) gave its one-week forecast on the EUR/USD, anticipating a bullish bias that could carry the EUR/USD to 1.15, if the pair does not pass under 1.11:

"Next week, we will enter the traditional "black out" period before the Fed's meeting on 21 September, and few events are likely to refine investors' currently low expectations.

However, we have access to retail sales and US CPI data, due respectively on Thursday and next Friday, but our expectations for this data do not make us question our short-term bullish view on the EUR/USD."