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 26 2012, 17:00 GMT | |||||||
| A. Narczewski | 1.3050 | 1.2800 | 1.2500 | Bullish | Bearish | Bearish | ||
| Alberto Muñoz,PhD | 1.2800 | 1.3000 | 1.3200 | Bearish | Sideways | Bullish | ||
| Anna Coulling | 1.3167 | 1.3465 | 1.3242 | Bullish | Bullish | Bullish | ||
| BoA FX, Rates and Commodities Team | - | - | 1.2300 | - | - | Bearish | ||
| Capital Economics Research Team | - | - | 1.2000 | - | - | Bearish | ||
| Claudiu Cazacu | 1.2830 | 1.2910 | 1.3300 | Bearish | Sideways | Bullish | ||
| Danske Research Team | - | - | 1.3500 | - | - | Bullish | ||
| DBS Group Research | - | - | 1.2800 | - | - | Sideways | ||
| Dr. S. Sivaraman | 1.3323 | 1.3855 | 1.4223 | Bullish | Bullish | Bullish | ||
| GFM Research Private Limited | - | 1.3110 | 1.3250 | - | Bullish | Bullish | ||
| Goldman Sachs Global Investment Research | - | - | 1.2500 | - | - | Bearish | ||
| Gonçalo Moreira, CMT | 1.3030 | 1.3300 | 1.3500 | Bullish | Bullish | Bullish | ||
| HSBC Global Research Team | - | - | 1.2340 | - | - | Bearish | ||
| Hugo Venter | 1.3000 | 1.2400 | 1.1800 | Bullish | Bearish | Bearish | ||
| ICN.com analysis team | 1.3145 | 1.3485 | 1.3830 | Bullish | Bullish | Bullish | ||
| Ilian Yotov | 1.3000 | 1.2750 | 1.2500 | Bullish | Bearish | Bearish | ||
| ING Global Economics Team | - | - | 1.2200 | - | - | Bearish | ||
| J.P. Morgan Global FX Strategy | - | - | 1.3000 | - | - | Sideways | ||
| Luc Luyet, CMT, CIIA | 1.3000 | 1.3200 | 1.3400 | Bullish | Bullish | Bullish | ||
| Mauricio Carrillo | 1.3080 | 1.3250 | 1.3000 | Bullish | Bullish | Sideways | ||
| NAB Global Markets Research | - | - | 1.3300 | - | - | Bullish | ||
| National Bank of Canada Eco. & Strat. Team | - | - | 1.2300 | - | - | Bearish | ||
| Rabobank Financial Markets Research Team | - | 1.2800 | 1.3000 | - | Bearish | Sideways | ||
| RBC Economic Research Team | - | - | 1.3200 | - | - | Bullish | ||
| RBS Team | - | - | 1.2700 | - | - | Bearish | ||
| Ross Yamashita | 1.2800 | 1.2500 | 1.2600 | Bearish | Bearish | Bearish | ||
| Scotiabank FX Strategy Team | - | - | 1.2600 | - | - | Bearish | ||
| TD Securities Research Team | - | - | 1.2500 | - | - | Bearish | ||
| UBS FX Research Team | - | 1.3000 | 1.2500 | - | Sideways | Bearish | ||
| UniCredit Research | - | - | 1.3000 | - | - | Sideways | ||
| Valeria Bednarik | 1.2810 | 1.2650 | 1.2440 | Bearish | Bearish | Bearish | ||
| Westpac Institutional Bank Team | - | 1.3300 | - | - | Bullish | - | ||
| Yohay Elam | 1.3000 | 1.2800 | 1.3200 | Bullish | Bearish | Bullish | ||
| Average | 1.3002 | 1.3032 | 1.2866 | Bullish | Bullish | Sideways | ||
swing and quick gain moves may be seen
The pair is seen within a new down trend and should continue lower overall, however over the next week we should see the pair move upwards within a correction only to continue back down again and provide us with the sideways movement that is expected.
"Settling above 1.2725 is the key for the bullish scenario"
The EUR/USD exchange rate has been stuck in a $1.28-$1.3171 range and it would probably stay confined within it ahead of the U.S. NFP report on Nov. 2 and the ECB announcement on Nov. 8.
Some kind of compromise for Greece should keep the euro bid for another 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.
The eurdollar continues to trade in a relatively narrow range and once again tested the 1.30 level last week, which failed to hold. However, with a strong platform of support now in place we should see a bounce higher once again to test the 1.3089 before pushing on to 1.3171 and beyond.