There is plenty of interest in the path for EUR/USD juding by commentary on the post here:

Here is a little more from the bank's note, a bit more detail for those interested:

Pressure on the dollar has intensified in the opening weeks of the year despite a supportive macro backdrop.

  • US data had had a strong run,
  • fiscal stimulus is expected to provide further tailwinds to the already-solid growth outlook this year
  • and the Fed continues to tighten.

Yet the synchronized global recovery is focusing market attention on other major central banks.

As we have argued before, the USD traditionally, benefits from first-mover advantage as the Fed leads other central banks into a global tightening cycle.

  • That was the primary driver of dollar appreciation in 2014-15.

However, as other G10 central banks follow the Fed's lead, the USD has been faltering despite ongoing tightening.

  • This is because interest-rate expectations outside of the US have undergone a profound shift.

With respect to EURUSD specifically, relative forward interest-rate spreads explain the sustained rise in the exchange rate since early 2017, though upside looks limited for now.

  • We see. the USD as poised for a rebound in 1H18, driven by US corporate repatriation and an underpriced Fed.
  • Although policy normalization will weigh on the USD longer term. the ECB may spoil the euro's ascent.