#EURUSD H4
#EURUSD Daily
#EURUSD Weekly
The outlook for the coming quarters given by institutional research teams is as follows:
NAB
q1 1.18 q2 1.20 q3 1.22 q4 1.20
Barclays
q1 1.17 q2 1.19 q3 1.22 q4 1.24
CIBC
q1 1.21 q2 1.22 q3 1.23 q4 1.25
Danske
q1 1.16 q2 1.16 q3 1.20 q4 1.25
UBS
1.25 by the end of q4
Societe Generale
q1 1.21 q2 1.23 q3 1.25 q4 1.27
ScotiaBank
q1 1.18 q2 1.18 q3 1.20 q4 1.20
DNB
q1 1.18 q2 1.18 q3 1.20 q4 1.22
Handelsbanken
q1 1.15 q2 1.15 q3 1.15 q4 1.20
Handelsbanken
q1 1.15 q2 1.15 q3 1.15 q4 1.20
BNZ
q1 1.20 q2 1.21 q3 1.24 q4 1.26
Morgan Stanley
q1 1.20 q2 1.23 q3 1.18 q4 1.17
Common factor on the above is that the direction of the pair is up.
The outlook of both #EUR and #USD have been analyzed in other posts in this blog. The bottom line is that #EUR is not expected to diverse from its general upward path. Economic data supports that and ECB policy and rhetoric can accelerate or slow it down but it is not likely to reverse it. #USD is supported by the economic climate, the data, and FED policy. It is not expected to dive considerably or suddenly. Erratic political behavior, divergence of political and economic policies, as well as economic decisions made with domestic political criteria is always a concern with the current administration.
The range in which the pair is expected to move is the following:
Medium to Long term positioning is long.
Morgan Stanley
q1 1.20 q2 1.23 q3 1.18 q4 1.17
Common factor on the above is that the direction of the pair is up.
The outlook of both #EUR and #USD have been analyzed in other posts in this blog. The bottom line is that #EUR is not expected to diverse from its general upward path. Economic data supports that and ECB policy and rhetoric can accelerate or slow it down but it is not likely to reverse it. #USD is supported by the economic climate, the data, and FED policy. It is not expected to dive considerably or suddenly. Erratic political behavior, divergence of political and economic policies, as well as economic decisions made with domestic political criteria is always a concern with the current administration.
The range in which the pair is expected to move is the following:
Medium to Long term positioning is long.
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