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, Aug 24 2012, 17:00 GMT | |||||||
| A. Narczewski | 1.2550 | 1.2700 | 1.2200 | Sideways | Bullish | Bearish | ||
| Bancolombia Investigaciones y Estrategias | - | 1.2100 | - | Sideways | Bearish | Sideways | ||
| Bijoy Kar | 1.2650 | 1.2100 | 1.1500 | Bullish | Bearish | Bearish | ||
| Danske Research EmergingMarkets Team | - | 1.2500 | 1.2700 | Sideways | Sideways | Bullish | ||
| DBS Group Research | - | 1.1600 | 1.1800 | Sideways | Bearish | Bearish | ||
| Gonçalo Moreira, CMT | 1.2400 | 1.2850 | 1.2900 | Bearish | Bullish | Bullish | ||
| Gregor Horvat | 1.2400 | 1.2300 | 1.2000 | Bearish | Bearish | Bearish | ||
| ICN.com analysis team | 1.2735 | 1.2735 | 1.3040 | Bullish | Bullish | Bullish | ||
| Ilian Yotov | 1.2250 | 1.2000 | 1.2000 | Bearish | Bearish | Bearish | ||
| J.P. Morgan Global FX Strategy | - | 1.2200 | 1.2400 | Sideways | Bearish | Sideways | ||
| NAB Global Markets Research | - | 1.2600 | 1.3300 | Sideways | Bullish | Bullish | ||
| OCBC Treasury Research & Strategy Team | - | 1.2225 | 1.2243 | Sideways | Bearish | Bearish | ||
| RBC Economic Research Team | - | 1.2000 | 1.1900 | Sideways | Bearish | Bearish | ||
| Ross Yamashita | 1.2700 | 1.2400 | 1.2100 | Bullish | Bearish | Bearish | ||
| Scotiabank FX Strategy Team | - | - | 1.2300 | Sideways | Sideways | Bearish | ||
| TD Securities Research Team | - | - | 1.2200 | Sideways | Sideways | Bearish | ||
| UBS FX Research Team | - | 1.2000 | 1.2000 | Sideways | Bearish | Bearish | ||
| Valeria Bednarik | 1.2600 | 1.2750 | 1.2400 | Bullish | Bullish | Sideways | ||
| Wells Fargo Research Team | - | - | 1.2700 | Sideways | Sideways | Bullish | ||
| Westpac Institutional Bank Team | - | 1.2200 | 1.2000 | Sideways | Bearish | Bearish | ||
| Yohay Elam | 1.2600 | 1.2200 | 1.2700 | Bullish | Bearish | Bullish | ||
| Average | 1.2543 | 1.2303 | 1.2319 | Sideways | Bearish | Bearish | ||
Settling above 1.2270 is the key for the bullish scenario
Despite of the relief rally, the EUR is facing a tough month of September and should resume its downtrend as long as the U.S. economic data continues to disprove QE3 expectations.
A solution for the Spanish crisis seems to be around the corner. However, the euro could be hit in September by a potential absence of QE3 in the US, which is currently priced in. Also Greece could weigh during September.
Risk Disclosure
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.
A three wave bounce from 1.2040 is corrective move, part of a downtrend. Be aware of a bearish reversal from 1.2600/1.2650