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Forex pairs in this Article » EUR/AUD, EUR/CAD, EUR/JPY, EUR/USD (Barcelona) - "We have revised down our 3-month EUR/USD forecast to 1.25 and during the initial quarter of this year do not expect investors to stray far from their long USD positions," Jane Foley, senior FX strategist at Rabobank, wrote in a client note quoted by Reuters.

"Insofar as 2012 has opened to a chorus of concerns as to whether EMU can even stay the course this year, we expect investors to continue hunting diversification trades. EUR/JPY, EUR/AUD and EUR/CAD are all likely to see further downside in Q1."
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