among major FX currency pairs which is the most obvious bearish or bullish pair given current market conditions in the next six months?
Sources
Answer
Based on the current market conditions in April 2025, the most notable trends among major FX currency pairs are:
EUR/USD: The Euro is gaining strength against the US Dollar. The pair is expected to rise due to a crisis of confidence in the US Dollar, influenced by recent economic policies and tariffs. The EUR/USD is forecasted to potentially reach 1.15 if the European Union successfully implements fiscal stimulus. This suggests a bullish outlook for the Euro against the Dollar over the next six months source.
GBP/USD: The British Pound is also showing strength against the US Dollar. With concerns about a potential devaluation of the US Dollar, the GBP/USD pair is experiencing an upward trend, with a forecasted high of 1.3057 source.
These trends suggest a bearish outlook for the US Dollar against both the Euro and the British Pound in the coming months.