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This week the sentiment experienced no changes, with 50% of participants in our weekly Community Forecasts quiz are waiting for the EUR/USD cross to be relatively flat. The average prediction is located just below the 1.2950, the level supported by the daily and weekly pivot points at 1.2939/33. Among important this week's events, traders should pay their attention to German ZEW Economic sentiment, which is expected to decline further, as well as to the FOMC meeting on Wednesday. Some traders, however, forecast no significant news on interest rates to come from the Fed meeting, as hadhood expects "...a pullback for the euro to the upside, especially concerning that FOMC will disappoint by not being as hawkish as expected." The same view is shared by khalidamassi, who assumes that "FED meeting may be disappointed for US $ bulls, EUR/USD needs to retrace to around 1.31-1.3150 before continue falling."
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