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Forex pairs in this Article » EUR/USD (New York) - The EUR/USD foreign exchange rate has flexed its muscles Monday, refusing to slow its advance even as the pair establishes fresh highs in these moments.

EUR/USD eyes lower target by year-end

According to Research Analyst Geoffrey Yu at UBS, “If current patterns hold on the back of European growth dividends, the EUR/USD is likely to fall gradually towards our year-end 2013 forecast of 1.2000.”

EUR/USD rebounds off earlier attempt at 1.3000 level

At the time of writing, the EUR/USD pair is operating at a intraday high of 1.3070, securing a gain of +0.38% during US trading. Despite the pair’s steadfast performance and recovery off of earlier depths, the EUR/USD remains below resistance, which is found at 1.3080, then 1.3148, and finally 1.3192, calculates the analyst team.
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