According to Commerzbank the EUR/USD rally will stop.

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Antje Praefcke from Commerzbank wrote on February 12, that the recent high levels of EUR/USD are elevated. According to him the higher the currency pair rises, the higher the probability of ECB to make a decision on aggressive easing. The analysts don’t believe that the EUR/USD strength will continue in the long-term, as the ECB stressed in the past that it cares about Euro rate. “Either EUR/USD already declines ahead of the ECB meeting on 10 March. If, however, it remains stuck at current levels or rises even further, the likelihood of strong monetary easing to depress EUR/USD would increase markedly. In both cases EUR/USD would trade lower.” written in the report.

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