Forecasting future Forex movements is a tricky business. A word of caution – the following pages consist of my personal views, charts and chart-points and any analysis mentioned hereafter has no claim as to being certain or truthful and the opinions raised are backed by my stomach as a Forex trader of many years.

2011 proved to be a trying year for Forex traders as the optimism over a potential recovery faded and the spectre of a double dip recession induced an overriding sentiment of fear and risk aversion.

Euro

Without a doubt, the trickiest of all currencies in the next year will be the euro.

When I was asked to write an article providing the outlook for a currency pair for 2012, it was near impossible to focus on anything but the EUR/USD.