Where it sits in our coverage
Our consensus EUR/USD target stands at 1.1700 for March 2026, with estimates ranging from 1.1200 to 1.2000. This aligns with moderately bullish forecasts from firms such as Rabobank, aiming for 1.1759, and Nomura proposing 1.1700, while Investec offers a more conservative view at 1.1455.
How firms align
Several firms are positioning themselves bullishly relative to the current market stance. For instance, RBC forecasts the pair at 1.1600 in March 2026, which supports the bullish sentiment noted in the recent testing of higher levels. Conversely, Investec's stance of 1.1455 suggests a more cautious outlook, highlighting divergence among market participants. Refer to /research/eurusd-ecb-rate-path-2026-10-25 for further analysis on consensus alignment.
What the data shows
Recent revisions reflect tightening expectations, with firms like MUFG and UBS suggesting targets as high as 1.2000 for March 2026, hinting at an upward shift in sentiment. Our published research on upcoming ECB decisions also provides context for these movements, notably in /research/ecb-decision-preview-2026-10-29.