Forex Flash: EUR/USD could decline to 1.18 end of Q3 – Standard Chartered

FXstreet.com (Barcelona) - The euro continues its decline on Monday as mixed results in PMI data out of euro zone members were insufficient to changed the mood circling the shared currency. With the EU Summit's announcements fully digested, sentiment is fragile again, as the next ECB meeting gets closer.

Analysts at Standard Chartered reckon the positiveness of the last EU meeting, however they comment that "&market focus is likely to switch back in coming weeks to implementation issues, Greece and growth&we maintain our EUR-USD forecasts & looking for 1.18 by end-Q3&", recommending to sell the euro on rallies.