Forex Flash: Q1 forecast for EUR/USD ‘looks optimistic’ - TDS

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FXstreet.com (San Francisco) - From Shaun Osborne of TD Securities in Toronto: "With the market feeling that Europe has been 'saved', the speculative market EUR short and the Fed opening the taps on an extension of QE, there is probably only one way for EUR/USD to go at the moment and that is higher - pretty much what the technical signals have been telling us for a while now."

Osborne adds: "We think ECB easing and a more obviously weak profile for Eurozone growth may trim the EUR's sails in early 2013 but our current Q1 forecast for EUR/USD (1.20) looks optimistic at this point."



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Forex and Currencies

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