EUR/USD pulls back as hawkish Fed bets stabilise; traders await the key US CPI report
FUNDAMENTAL OVERVIEW USD: The US dollar has been pulling back across the board on potential profit-taking as the hawkish repricing stabilised. The upcoming US CPI report next Friday remains the key risk event that could influence market pricing. As of now, traders are seeing a 58
EUR/USD — All Desk Targets
| Firm | Stance | YE 2026 |
|---|---|---|
UBS | Bullish | 1.1600 |
ING | Bullish | 1.1300 |
Société Générale | Bearish | 1.1000 |
All 29 desk targets for EUR/USD
Desk synthesis pending
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Related news on this pair
EUR/USD Price Forecast: Softens to near 1.1200, sub-100-day SMA keep outlook bearish
French fiscal concerns are pressuring EUR/USD through the 1.1200 level with technical resistance intact below the 100-day SMA.
Euro retreats as US Dollar regains ground, France's debt worries weigh
French fiscal deterioration and political risk are now exerting visible pressure on EUR/USD technicals; watch for further ER/USD breaks if domestic political clarity fails to materialize.
Euro: French spreads threaten downside against US Dollar – BBH
French fiscal stress and widening OAT-Bund spreads create tail risk for EUR/USD support, with 1.1000 now in play if political uncertainty deepens before 2027.
Euro: Limited upside as US Dollar stays strong – ING
Fed tightening expectations remain anchored while EUR/USD downside is capped only by short-covering; structural Dollar strength likely persists.
Cross-firm research
EUR/USD Consensus vs Spot Gap: Week of October 23, 2026
EUR/USD spot sits 3.35% below the 31-firm median Dec-26 target of 1.16, leaving consensus firmly bullish while price action lags.
EUR/USD Consensus vs Spot Gap: Week of October 22, 2026
EUR/USD spot sits 3.36% below the 31-firm median Dec-26 target of 1.16, with a 0.135 dispersion range signalling deep disagreement on the Fed-ECB rate path.
EUR/USD Consensus Check: Spot at 1.1232, Median Target 1.16 — Week of October 21, 2026
EUR/USD trades 3.17% below the 31-firm median Dec-26 target of 1.16, with a 0.135-wide dispersion range that signals deep disagreement on the Fed-ECB policy path.