EUR/USD Forecast: Parity by Q1 2017 - Market Sniper

Back in Q1 2015, EUR/USD parity call was reverberating across every nook and cranny of the financial markets. However, the bird flew higher to 1.1616 in Aug 2015 and since then has been restricted largely to a range of 1.05-1.15.

The range is still intact, although the recent pace of the decline in the EUR/USD pair has garnered market attention. Still, there are very few analysts/strategists out there who are calling for EUR/USD parity.

Francis Hunt from Market Sniper believes the currency pair is likely to reach parity by Q1 2017. Hunt does not stop there and adds that the pair could test 0.9850 levels. Now that’s a bold call.

Watch this segment to know the rationale behind the bearish call on the EUR/USD. Hunt also details the outlook for the dollar index. The segment is hosted by Tip TV’s Zak Mir and Mike Ingram, Strategist at BGC Partners.