I have always been intrigued by the Experts Analysis Forecasts at the sister site Fx Street. They ask the views of 16 talented experienced professional forex traders for their forecasts for next week, month and quarter on the major currency pairs.
Well this next week September 12 - 16th will be very interesting after what we have witnessed this week and I am especially keen for their views on the EU. I would expect differences even based on pure technical analysis - but not 1000 pips in one week between the most bullish and the most bearish ???
The Bull guys are after 1.4100 - 4360 area and the Bears are looking at below 3600 and as low as 3365 area. The average result is approximately 200 pips higher than were we left it at on Friday - in the mid 3800's.
I am therefore very interested to hear from all members on their own views ( with some explanations) on what they think by end of play by next Friday 16th September. Who ever gets to the within the nearest 25 pips by predicting by latest September 12 close is either brilliant - and I will start following or is extremely lucky and could probabaly not get a weeks prediction that correct within the next 3 years!!.
On a personal view - I have not got a clue - although I will know about 30 minutes before it gets there (lol) and thats why I stay as an intraday short term trader. I do know the trend as been down - but a pullback of 200-500 pips in a week is easy within its realm - although would be stronger at the end of the month if we go lower.
Out of the 16 experts at least 5 or maybe 7 are going to be way out - I wonder who they will be ???
Good trading to you all and have a good week