In a note to clients today. BNP Paribas addresses the question of how far EUR/could fall from its current levels. Using different macro and technical analytical frameworks, BNPP' main findings are as follow: The macro model: Using BNP Paribas forecasts for the US and eurozone economies, the model projects EUR/USD will fall to 1.25 and 1.20 by end 2015 and end 2016, respectively. "As the markets are forward looking, we can assume that these levels will be discounted in the spot market far earlier. Thus our model’s projections are consistent with our forecasts which suggest a continued fall in EURUSD, albeit at a ... (full story)