EUR/USD: Danske Bank believes the pair will hit bottom at 1.02 within 1 month

Danske Bank remains bearish in the short term on the EUR/USD but does not anticipate parity, especially not a bottom below parity. On the contrary, Danske Bank expects the pair to go back up over the next year.

"In the short term (1-3 months), we are aiming for a bottom of the EUR/USD at 1.02 within a month.

Over the medium term (6-12 months), we expect the EUR/USD to rise to 1.12 within 12 months."