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, Jan 18 2013, 17:00 GMT | |||||||
| A. Narczewski | 1.3100 | 1.2800 | 1.2500 | Bearish | Bearish | Bearish | ||
| Alberto Muñoz,PhD | 1.3400 | 1.3600 | 1.3800 | Bullish | Bullish | Bullish | ||
| ANZ FX Strategy Team | - | - | 1.3400 | - | - | Sideways | ||
| BoA FX, Rates and Commodities Team | - | - | 1.2300 | - | - | Bearish | ||
| Capital Economics Research Team | - | - | 1.3500 | - | - | Bullish | ||
| Claudiu Cazacu | 1.3520 | 1.3510 | 1.3300 | Bullish | Bullish | Sideways | ||
| Danske Research Team | - | - | 1.3500 | - | - | Bullish | ||
| DBS Group Research | - | - | 1.3200 | - | - | Sideways | ||
| Dr. S. Sivaraman | 1.3678 | 1.4332 | 1.4554 | Bullish | Bullish | Bullish | ||
| Goldman Sachs Global Investment Research | - | - | 1.2500 | - | - | Bearish | ||
| Gonçalo Moreira, CMT | 1.3125 | 1.3300 | 1.3400 | Bearish | Sideways | Sideways | ||
| Gregor Horvat | 1.3550 | 1.3800 | 1.4000 | Bullish | Bullish | Bullish | ||
| Gus Farrow | 1.3246 | 1.3480 | - | Bearish | Bullish | - | ||
| HSBC Global Research Team | - | - | 1.2760 | - | - | Bearish | ||
| Hugo Venter | 1.3700 | 1.3200 | 1.5000 | Bullish | Bearish | Bullish | ||
| Ilian Yotov | 1.3500 | 1.3000 | 1.3000 | Bullish | Bearish | Bearish | ||
| ING Global Economics Team | 1.3491 | - | 1.2800 | Bullish | - | Bearish | ||
| J.P. Morgan Global FX Strategy | - | - | 1.2800 | - | - | Bearish | ||
| Luc Luyet, CMT, CIIA | 1.3350 | 1.3450 | 1.3500 | Sideways | Bullish | Bullish | ||
| Mauricio Carrillo | 1.3400 | 1.3500 | 1.3800 | Bullish | Bullish | Bullish | ||
| NAB Global Markets Research | - | - | 1.3200 | - | - | Sideways | ||
| National Bank of Canada Eco. & Strat. Team | - | - | 1.2300 | - | - | Bearish | ||
| Nomura FX Research & Strategy | 1.3230 | - | - | Bearish | - | - | ||
| Rabobank Financial Markets Research Team | - | 1.3100 | 1.2800 | - | Bearish | Bearish | ||
| RBC Economic Research Team | - | - | 1.3200 | - | - | Sideways | ||
| RBS Team | - | - | 1.2300 | - | - | Bearish | ||
| Richard C. Lee | 1.3150 | 1.3000 | 1.2700 | Bearish | Bearish | Bearish | ||
| Scotiabank FX Strategy Team | - | - | 1.3000 | - | - | Bearish | ||
| TD Securities Research Team | - | - | 1.3000 | - | - | Bearish | ||
| UBS FX Research Team | - | - | 1.3000 | - | - | Bearish | ||
| UniCredit Research | - | - | 1.3200 | - | - | Sideways | ||
| Valeria Bednarik | 1.3120 | 1.2880 | 1.2660 | Bearish | Bearish | Bearish | ||
| Westpac Institutional Bank Team | - | 1.3500 | - | - | Bullish | - | ||
| Yohay Elam | 1.3300 | 1.3300 | 1.3000 | Sideways | Sideways | Bearish | ||
| Average | 1.3366 | 1.3360 | 1.3160 | Sideways | Sideways | Sideways | ||
EUR is one of the strongest during the bullish period on stock markets. We expect further rise after recent bounce from 1.3260 support. It looks like 1.3400 break is in view which opens door for 1.3500/50.
We expect to see the pair move higher over the next week to complete the first wave within a third wave. Once this first wave completes, then a deep pullback is expected.
With the European Central Bank optimistic about the outlook for 2013 and not in a hurry to cut rates, while the US data continues to show strength, the EUR has managed to stay firm and could make a further advancement into the mid-$1.30's.
After the Draghi rally, the euro is now somewhat capped by worries about its strength. The pair could stabilize before it drops due to German weakness.
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.
more aggressive gaining moves are expected - attribute may be risk appetite.