Soaring Euro: JPMorgan’s Bullish EUR/USD Forecast – a Golden Opportunity? - Binance

What the desk is arguing

The desk posits that the increased positivity surrounding the euro, amplified by strong forecasts from JPMorgan, could potentially drive the EUR/USD toward new heights. The consensus target for March 2026 stands at 1.1800, indicating a widespread anticipation of ongoing euro appreciation.

Supporting this view, several major banks, including Goldman and ING, also project similar targets for EUR/USD, ranging from 1.1800 to 1.1900 by March 2026. The consensus expectation lies in a tight range of 1.1700 to 1.2000, reinforcing the potential for robust movements in the coming months.

Where it sits in our coverage

In our current coverage, the consensus target for EUR/USD sits at 1.1800, with a firm spread indicating a collective optimism among major banks. This positive outlook is underscored by JPMorgan’s forecast that aligns perfectly with the median consensus, reflecting a solid convergence in market sentiment.

Highlighted firm targets for December 2026 include: - JPMorgan: 1.2000 - Goldman: 1.2500 - ING: 1.2200

How other firms see it

Other firms generally align with this bullish sentiment, particularly Goldman and Deutsche Bank, both showing confidence in similar outcomes for the euro. However, a few firms, such as BofA, maintain a more cautious outlook with a target of 1.1900 by March 2026.

Notably, firms expressing an aligned view include: - JPMorgan with a target of 1.2000 by Dec26 - Goldman targeting 1.2500 by Dec26 - Deutsche Bank also at 1.2500 for Dec26.