David Tulk, Head of Global Macro Strategy at TD Securities believes the pair could slip towards the 1.07 handle in the medium term. Key Quotes “We continue to see an outlook where the USD struggles to perform against the major DM currencies”. “We still see some downside in EURUSD though more limited with our revised Fed outlook”. “We expect the currency to trade around 1.10 and 1.07 in Q1/Q2 respectively before resuming a moderate uptrend on the basis that CB stimulus will be enough to repair fragile sentiment”. For more information, read our latest forex news.