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What does Wall Street expect from EUR/USD in the next 12 months?

Given the positive sentiment among ECB members, the high expectations of euro area economic growth and the increasing likelihood that the CB will withdraw its monetary incentives makes investors prefer euro purchases. The main chart outlines the forecasts of several of Wall Street’s bank leaders, clearly seeing positivism among them. The average outlook among all investment banks equals 1.2400. It is good to note that among the best banks there are those who are not so optimistic and those who are extreme in their expectations. Bank Of America Merrill Lynch are the only ones to expect EUR/USD to end 2018. lower than the current levels, while Citi and Credit Suisse expect levels of around 1.2500 by the end of the year and 1.2700 in Q2 by 2019.

Chart: Used with permission of Bloomberg Finance L.P.


 Trader Petar Milanov


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