Rabobank predicts EUR/USD rise to 1.12 in one-year outlook

Rabobank are expecting EUR/USD to head up to 1.12, on a one-year outlook.

• Analysts at the bank say that the immediate rally in EUR/USD has come off the boil, but the move unto below has 1.0800 has seen buyers emerge.
• They add they see some near-term, 1- to 3-month, weakness before it resumes its climb.

This article was written by Eamonn Sheridan at www.forexlive.com.