The EUR/USD exchange rate has shown recent volatility, with analysts noting that despite a bounce last week, the outlook remains cautious. The difference in one-year forward rates suggests limited potential for further increases. Economic uncertainty in Europe is contributing to this sentiment, with projections indicating a minimum price target for EUR/USD around 1.02 over the next year. The strength of the euro is seen as problematic for the continent's struggling economy, prompting calls for the European Central Bank (ECB) to adopt a more aggressive monetary policy. Historical context is provided by referencing former ECB President Mario Draghi's actions between 2012 and 2014, which significantly altered the rate differential between the U.S. and Eurozone, leading to a decline in the euro from 1.40 to 1.05. Additionally, technical analysis indicates that while the EUR/USD is testing key support levels, further upward movement may require additional efforts from buyers.