MUFG is looking for EUR/USD to trade to 1.15, cite higher highs, higher lows | Forexlive

MUFG likes a higher euro, arguing that the bullish EUR/USD trend has continued thus far this year, as seen by the string of higher highs (in January and April) and higher lows (in March and May).

Analysts at the bank say they are continuing to forecast EUR/USD back to what they call “pre-Ukraine levels” in early 2022 when it was trading closer to the 1.1500 level.