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    EUR/USD upside limited – Danske Bank

    Analyst at Danske Bank Mathias Mogensen sees gains in the pair to remain limited.Key QuotesEUR/USD dipped on Thursday as the cross continues to respect the 1.11-1.15 range, which is likely to be in place near term”.“We estimate the market is pricing in a 25bp Fed rate hike in July with a 23% probability and a hike in September with a 46% probability”.“A full 25bp hike is only priced in by April 2017. The Fed has been repriced substantially since last Friday and we think there is limited EUR/USD upside from relative interest rates”.

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