Every week, we are publishing the Experts Forecast Currencies Poll. A pool of selected traders and analysts gives us their targets for the major currencies for the week, month and quarter to come. They also indicate the whole trend in these periods.
The report includes a visual table for each pair, as well as the comments that the experts might have added to their analysis.
Agree or disagree? Comments? Your own forecast? Post your thoughts in the Forecasts discussion group!
| EURUSD | 1 Week | 1 Month | 1 Quarter | 1 Week | 1 Month | 1 Quarter | ||
|---|---|---|---|---|---|---|---|---|
| Levels | Trend | |||||||
| ©FXstreet.com | Fri, Jun 29 2012, 17:00 GMT | |||||||
| A. Narczewski | 1.2550 | 1.2200 | 1.2100 | Bearish | Bearish | Bearish | ||
| Claudiu Cazacu | 1.2540 | 1.2350 | 1.2910 | Bearish | Bearish | Bullish | ||
| Derek Frey, CTA | 1.2400 | 1.2500 | 1.2750 | Bearish | Bearish | Sideways | ||
| Esteban Mora | 1.2400 | 1.2500 | 1.2700 | Bearish | Bearish | Sideways | ||
| Gonçalo Moreira, CMT | 1.2780 | 1.3150 | 1.3000 | Bullish | Bullish | Bullish | ||
| Hugo Venter | 1.2500 | 1.2000 | 1.1500 | Bearish | Bearish | Bearish | ||
| ICN.com analysis team | 1.2270 | 1.2000 | 1.2600 | Bearish | Bearish | Sideways | ||
| Ilian Yotov | 1.2300 | 1.2000 | 1.2000 | Bearish | Bearish | Bearish | ||
| Joshua Martinez | 1.2280 | 1.2787 | 1.2623 | Bearish | Bullish | Sideways | ||
| Mauricio Carrillo | 1.2820 | 1.3000 | 1.2500 | Bullish | Bullish | Bearish | ||
| Ross Yamashita | 1.2700 | 1.2200 | 1.1800 | Sideways | Bearish | Bearish | ||
| Valeria Bednarik | 1.2570 | 1.2400 | 1.2100 | Bearish | Bearish | Bearish | ||
| Yohay Elam | 1.2400 | 1.2100 | 1.2400 | Bearish | Bearish | Bearish | ||
| Average | 1.2501 | 1.2399 | 1.2383 | Bearish | Bearish | Bearish | ||
The Euro is likely to continue lower over the next few days, but we do expect the start of a second wave correction early next week that would see short term upwards movement for the pair.
"Settling above 1.2600 will invalidate the bearish possibility "
Post- EU Summit disappointment and expectations of more easing ahead of ECB meeting could serve as catalysts for a new leg lower for the euro.
I have the EURUSD daily time frame in a Down Fibonacci swing. The market has just broken the counter trend line and the market is trying hard to break its current support at 1.2440. If the market can break below this support, I am expecting a big bearish drop.
There seems to be no light at the end of the European debt crisis.
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This forecast has just an informative meaning and cannot be treated as the guide to action, signal, recommendation or an offer to carry out certain trading operation. The experts of this poll expresses personal opinions and will not assume any responsibility whatsoever for the actions of the reader.We always aim for maximum accuracy, and FXstreet.com cannot be held responsible for inaccurate information or typos.
EU Summit news is good but we are far from out of the woods yet.