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.
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| EURUSD | 1 Week | 1 Month | 1 Quarter | 1 Week | 1 Month | 1 Quarter | ||
|---|---|---|---|---|---|---|---|---|
| Levels | Trend | |||||||
| ©FXstreet.com | Fri, Jan 11 2013, 17:00 GMT | |||||||
| A. Narczewski | 1.3250 | 1.3400 | 1.3000 | Bearish | Sideways | Bearish | ||
| Alberto Muñoz,PhD | 1.3300 | 1.3400 | 1.3800 | Sideways | Sideways | Bullish | ||
| ANZ FX Strategy Team | - | - | 1.3400 | - | - | Sideways | ||
| BoA FX, Rates and Commodities Team | - | - | 1.2300 | - | - | Bearish | ||
| Capital Economics Research Team | - | - | 1.2500 | - | - | Bearish | ||
| Claudiu Cazacu | 1.3430 | 1.3510 | 1.3250 | Bullish | Bullish | Sideways | ||
| Danske Research Team | - | - | 1.3400 | - | - | Sideways | ||
| DBS Group Research | - | - | 1.3200 | - | - | Bearish | ||
| Dr. S. Sivaraman | 1.3632 | 1.4048 | 1.4476 | Bullish | Bullish | Bullish | ||
| Goldman Sachs Global Investment Research | - | - | 1.2500 | - | - | Bearish | ||
| Gus Farrow | 1.3404 | 1.3298 | 1.2823 | Bullish | Sideways | Bearish | ||
| HSBC Global Research Team | - | - | 1.2760 | - | - | Bearish | ||
| Hugo Venter | 1.3500 | 1.3700 | 1.5000 | Bullish | Bullish | Bullish | ||
| Ilian Yotov | 1.3300 | 1.3000 | 1.3000 | Sideways | Bearish | Bearish | ||
| J.P. Morgan Global FX Strategy | - | - | 1.2800 | - | - | Bearish | ||
| Luc Luyet, CMT, CIIA | 1.3200 | 1.3350 | 1.3500 | Bearish | Sideways | Bullish | ||
| NAB Global Markets Research | - | - | 1.3400 | - | - | Sideways | ||
| National Bank of Canada Eco. & Strat. Team | - | - | 1.2300 | - | - | Bearish | ||
| Rabobank Financial Markets Research Team | - | 1.3100 | 1.2800 | - | Bearish | Bearish | ||
| RBC Economic Research Team | - | - | 1.3200 | - | - | Bearish | ||
| RBS Team | - | - | 1.2300 | - | - | Bearish | ||
| Richard C. Lee | 1.3100 | 1.3000 | 1.2700 | Bearish | Bearish | Bearish | ||
| Ross Yamashita | 1.3380 | 1.3500 | 1.3850 | Sideways | Bullish | Bullish | ||
| TD Securities Research Team | - | - | 1.2200 | - | - | Bearish | ||
| UBS FX Research Team | - | 1.3300 | 1.3000 | - | Sideways | Bearish | ||
| UniCredit Research | - | - | 1.3100 | - | - | Bearish | ||
| Valeria Bednarik | 1.3485 | 1.3210 | 1.2880 | Bullish | Bearish | Bearish | ||
| Westpac Institutional Bank Team | - | 1.3300 | - | - | Sideways | - | ||
| Yohay Elam | 1.3300 | 1.3300 | 1.3000 | Sideways | Sideways | Bearish | ||
| Average | 1.3357 | 1.3361 | 1.3087 | Sideways | Sideways | Sideways | ||
Time for big upward shift in trading zone
We expect the second wave correction from last week is now complete and the increase in upwards momentum on Thursday has increased our confidence that the pair should continue higher over the next week, but it would start to encounter time consuming fourth waves which would slow the upwards momentum.
With the European Central Bank optimistic about the outlook for 2013 and not in a hurry to cut rates, the EUR has managed to stay in the $1.30 and could challenge the top of its current range at $1.33.
The positive effect from Draghi could keep the euro bid, but crossing 1.33 could be problematic without signs of growth from the real economy.
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.
Euro has recovered its wings, and that may help it surpass the 1.3250 barrier on a clear basis, bringing the 1.34 area into the realm of possible.