Many thanks to all who put in their EUR/USD forecasts and the resultes show that we are significantly bearish on the EUR and we expect the EUR/USD to close the year out at around 1.3100.

The only piece of information (and probably the most important) which we don’t have is whether those bears are already short or not, and to what degree. If the bears are already close to limit short, then a bottom is probably in sight. If the bears haven’t gotten properly short yet, then more significant falls are likely.