EUR/USD Price Forecast: Sideways trading extends with 1.1480 holding bulls
The EUR/USD pair is currently in a sideways trading range, holding just above the critical level of 1.1480, which has proven to be pivotal for bullish momentum. Sentiment remains neutral across the board, indicating a lack of strong direction in the market. Recent forecasts suggest that while many analysts are cautiously optimistic about a gradual ascent, the current spot at 1.1434 reflects ongoing indecision. The market's focus is likely shifting towards potential catalysts, including upcoming ECB decisions and economic data releases.
Where it sits in our coverage
Our consensus EUR/USD target stands at 1.1700 (median across firms), reflecting a range of 1.1200–1.2000. While Goldman positions itself at 1.1800 for March, Citi remains more conservative at 1.1300, highlighting the differing views among institutions on future price movements.
How firms align
Goldman's forecast is closely aligned with the optimistic outlook suggested by the recent market commentary. On the contrary, Citi and Commerzbank present more cautious targets, with Citi's 1.1300 suggesting potential bearish trends. This dispersion indicates a split in sentiment that could affect trading strategies moving forward, as outlined in our /research/eurusd-ecb-rate-path.
What the data shows
Recent revisions from firms like HSBC and Rabobank indicate an upward adjustment in short-term expectations, with targets around 1.1700. This aligns with our findings in /research/eurusd-ecb-rate-path-2026-07-10, suggesting that traders should prepare for potential volatility as the market seeks direction.
How firms align with this view
Aligned with the headline view
Contrary positioning
Key takeaways
- 01EUR/USD holds at 1.1434, underpinned by critical support at 1.1480.
- 02Market sentiment remains neutral; traders need to monitor ECB announcements.
- 03Forecasts vary widely — ranging from Citi's bearish stance at 1.1300 to Goldman's bullish outlook at 1.1800.
Market implications
Traders should watch for movement around the 1.1480 level as a barometer for bullish strength. The upcoming ECB meeting could act as a catalyst for volatility, potentially impacting our consensus target of 1.1700.
Risks to this view
A decisive break below 1.1480 could signal a bearish reversal and invalidate the current bullish outlook. Strong economic data from the US or a dovish stance from the ECB could further exacerbate this scenario.
Sentiment by currency
USD~EUR~JPY~GBP~Composite USD score: +0.00
Sources & References
How we cover this story
Other coverage on this pair
Euro: Modest pullback before ECB decision against US Dollar – Scotiabank
Euro flattens against US Dollar while entering the weekend
Euro: Bullish bias but capped by resistance against US Dollar – UOB
EUR upside momentum faces technical resistance vs USD, suggesting limited room for EUR/USD appreciation without break above key level.