Goldman Sachs economists with their projections for the EUR/USD and more

This in brief from a client note (bolding mine):

Europe …

  • Growth is cooling (as confirmed by the September flash PMIs)
  • ECB is gradually ending asset purchases but is in no rush to hike
  • domestic inflationary pressures are slowly building
  • broad Euro area economic and policy outlook has not changed much in recent months

GS note a risk coming up, but it won't come to a head this week:

  • The Italy Stability Programme, which will be published by September 27, could shake things up
  • this is unlikely to be the "moment of truth", as this is just one step in a process that could last into early 2019

For the currency:

  • Our bottom line remains that EUR is "going nowhere fast" as there are a number of issues that need to be resolved before EUR can break out of its narrow range

Forecasts (ignore the 'current spot' column)