Divergent views on greenback
Pronet forecasts extreme 12-month views of EUR/USD at 1.48, USD/JPY at 90, cable at 2.12 and USD/Sfr at 0.99.
"A combination of weekly chart resistance and recent intra-day price action is suggesting that the corrective dollar has run its course," she told FX Week.
"We have retained the bearish dollar year-end targets throughout this correction as the long-term resistance is still intact. No firm evidence of a reversal of the broader trend has yet been given."
Pronet forecasts that the dollar
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