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, Feb 08 2013, 17:00 GMT | |||||||
| A. Narczewski | 1.3500 | 1.3100 | 1.2800 | Bullish | Bearish | Bearish | ||
| Alberto Muñoz,PhD | 1.3250 | 1.3100 | 1.3500 | Bearish | Bearish | Sideways | ||
| Anna Coulling | 1.3591 | 1.3736 | 1.3248 | Bullish | Bullish | Bearish | ||
| ANZ FX Strategy Team | - | - | 1.3400 | - | - | Sideways | ||
| BoA FX, Rates and Commodities Team | - | - | 1.2700 | - | - | Bearish | ||
| Capital Economics Research Team | - | - | 1.3500 | - | - | Sideways | ||
| Claudiu Cazacu | 1.3450 | 1.3700 | 1.3300 | Bullish | Bullish | Sideways | ||
| Danske Research Team | - | 1.3300 | 1.3500 | - | Bearish | Sideways | ||
| DBS Group Research | - | - | 1.3200 | - | - | Bearish | ||
| Dr. S. Sivaraman | 1.3778 | 1.4154 | 1.4552 | Bullish | Bullish | Bullish | ||
| Goldman Sachs Global Investment Research | - | - | 1.4000 | - | - | Bullish | ||
| Gonçalo Moreira, CMT | 1.3400 | 1.3485 | 1.3500 | Sideways | Bullish | Sideways | ||
| Gus Farrow | 1.3550 | 1.3700 | - | Bullish | Bullish | - | ||
| HSBC Global Research Team | - | - | 1.2960 | - | - | Bearish | ||
| Hugo Venter | 1.3650 | 1.3450 | 1.4000 | Bullish | Sideways | Bullish | ||
| Ilian Yotov | 1.3250 | 1.3000 | 1.3000 | Bearish | Bearish | Bearish | ||
| ING Global Economics Team | - | - | 1.3200 | - | - | Bearish | ||
| J.P. Morgan Global FX Strategy | - | - | 1.3200 | - | - | Bearish | ||
| Malik Khan | 1.3511 | 1.3800 | 1.4250 | Bullish | Bullish | Bullish | ||
| Mauricio Carrillo | 1.3260 | 1.3700 | 1.4000 | Bearish | Bullish | Bullish | ||
| NAB Global Markets Research | - | - | 1.3200 | - | - | Bearish | ||
| National Bank of Canada Eco. & Strat. Team | - | - | 1.2900 | - | - | Bearish | ||
| Rabobank Financial Markets Research Team | - | 1.3600 | 1.3000 | - | Bullish | Bearish | ||
| RBC Economic Research Team | - | - | 1.3200 | - | - | Bearish | ||
| RBS Team | - | - | 1.2500 | - | - | Bearish | ||
| Ross Yamashita | 1.3250 | 1.3000 | 1.3500 | Bearish | Bearish | Sideways | ||
| Scotiabank FX Strategy Team | - | - | 1.3400 | - | - | Sideways | ||
| TD Securities Research Team | - | - | 1.3000 | - | - | Bearish | ||
| UBS FX Research Team | - | 1.3700 | 1.3000 | - | Bullish | Bearish | ||
| UniCredit Research | - | - | 1.3600 | - | - | Bullish | ||
| Víctor Rodríguez del Río | 1.3500 | 1.3750 | 1.4100 | Bullish | Bullish | Bullish | ||
| Wells Fargo Research Team | - | - | 1.3200 | - | - | Bearish | ||
| Westpac Institutional Bank Team | - | 1.3800 | - | - | Bullish | - | ||
| Yohay Elam | 1.3300 | 1.3700 | 1.3400 | Bearish | Bullish | Sideways | ||
| Average | 1.3446 | 1.3543 | 1.3369 | Bullish | Bullish | Sideways | ||
downward extended stop hunt is made to rise big in coming days.
Upwards movement is expected within a fifth wave. The pair is expected to be close to completing a either a fourth or second wave correction. both of which would then expect upwards movement.
The dovish outlook by the European Central Bank sent the EUR lower and if the euro-zone economic data next week fails to instill optimism. the signle currency could revisit the low end of the $1.30's.
After Draghi words this week. the EUR / USD wants to cut the attacking corrective move and It will try to conquist new peaks in the medium term the area of 1.4000
Draghi gives and Draghi takes away. We could see the pair remaining under pressure in the short term. but the flows into the euro-zone continue.
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 recent bullish run for the eurodollar came to a shuddering halt last week at the ECB press conference when the market inferred that the ECB too would join in the current bout of currency wars. Whether this is the case is yet to be determined and indeed the follow through from Thursday's conference has been muted with the technical support level at 1.33 coming into play.