Strategists at Westpac have hinted at the possibility that the pair’s upside could struggle around 1.1400. Key Quotes “Not a lot to do or say while EUR/USD ambles in a wide 1.08-1.14 range for yet another week”. “Major negative revisions to Q1 US growth forecasts put a dampener on the EZ-US growth and policy divergence theme but this bullish USD story should reassert itself in due course, pushing EUR back to the bottom of its wide 1.08-1.14 range”. “Weak hard data for Q1 is mostly a Jan/Feb story. Since then US financial conditions have eased materially and the regional PMIs for March - more up to date reads on the US economy - have bounced aggressively. EUR unlikely to sustain gains above 1.14 for any amount of time”. For more information, read our latest forex news.