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The euro won't stop chopping sideways. Its quiet drift downward has persisted since spring 2018, but it would be a fool's errand to extrapolate boring action forever. The currency can snap violently, and I think the push will be southward.
Figure 1: EURUSD
There were 17 euro/U.S. dollar forecasts submitted to Bloomberg since August 1 (figure 2). Notice that though the firms represented here have mixed feelings for the rest of 2019, all 16 have a target for euro strength in 2020's first half. That seems lopsided, especially since there is no