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, Oct 12 2012, 17:00 GMT | |||||||
| A. Narczewski | 1.3100 | 1.2900 | 1.2700 | Bullish | Sideways | Bearish | ||
| BoA FX, Rates and Commodities Team | - | - | 1.2300 | - | - | Bearish | ||
| Claudiu Cazacu | 1.3150 | 1.2900 | 1.3400 | Bullish | Sideways | Bullish | ||
| Danske Research Team | - | - | 1.3500 | - | - | Bullish | ||
| DBS Group Research | - | - | 1.2800 | - | - | Bearish | ||
| Dr. S. Sivaraman | 1.3343 | 1.3867 | 1.4212 | Bullish | Bullish | Bullish | ||
| Goldman Sachs Global Investment Research | - | - | 1.2500 | - | - | Bearish | ||
| HSBC Global Research Team | - | - | 1.2340 | - | - | Bearish | ||
| Hugo Venter | 1.2850 | 1.2400 | 1.1800 | Bearish | Bearish | Bearish | ||
| ICN.com analysis team | 1.3145 | 1.3485 | 1.3830 | Bullish | Bullish | Bullish | ||
| Ilian Yotov | 1.3000 | 1.2750 | 1.2500 | Sideways | Bearish | Bearish | ||
| ING Global Economics Team | - | - | 1.2200 | - | - | Bearish | ||
| J.P. Morgan Global FX Strategy | - | - | 1.3000 | - | - | Sideways | ||
| Luc Luyet, CMT, CIIA | 1.2800 | 1.3100 | 1.3200 | Bearish | Bullish | Bullish | ||
| Malik Khan | 1.3100 | 1.2800 | 1.3500 | Bullish | Bearish | Bullish | ||
| Mauricio Carrillo | 1.3080 | 1.3200 | 1.2750 | Bullish | Bullish | Bearish | ||
| NAB Global Markets Research | - | - | 1.3300 | - | - | Bullish | ||
| Rabobank Financial Markets Research Team | - | 1.2600 | 1.2800 | - | Bearish | Bearish | ||
| RBC Economic Research Team | - | - | 1.3200 | - | - | Bullish | ||
| RBS Team | - | - | 1.2700 | - | - | Bearish | ||
| Ross Yamashita | 1.2700 | 1.2400 | 1.2200 | Bearish | Bearish | Bearish | ||
| Scotiabank FX Strategy Team | - | - | 1.2600 | - | - | Bearish | ||
| TD Securities Research Team | - | - | 1.2500 | - | - | Bearish | ||
| Telmo Pinto | 1.3180 | 1.3260 | 1.3520 | Bullish | Bullish | Bullish | ||
| UBS FX Research Team | - | 1.3000 | 1.2500 | - | Sideways | Bearish | ||
| UniCredit Research | - | - | 1.3000 | - | - | Sideways | ||
| Valeria Bednarik | 1.2810 | 1.2745 | 1.2660 | Bearish | Bearish | Bearish | ||
| Westpac Institutional Bank Team | - | 1.2900 | 1.2600 | - | Sideways | Bearish | ||
| Yohay Elam | 1.3000 | 1.2900 | 1.3200 | Sideways | Sideways | Bullish | ||
| Average | 1.3020 | 1.2950 | 1.2873 | Bullish | Sideways | Sideways | ||
Our analysis expects the pair to be within a lower degree second wave correction that is likely going to move it sideways and upwards over the next 3 to 5 days, but once this correction is complete it should continue lower with a very strong increase in downwards momentum.
"Settling above 1.2725 is the key for the bullish scenario"
With another EU Summit to "save the euro" on the horizon, the single currency could re-test recent highs above $1.30 if the event boosts sentiment.
Statements towards the EU Summit could lift the euro in the upcoming week.
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.
swing and quick rise moves may be seen during the month end and year end time.