EUR/USD - Analysis, Outlook and Forecasts

EUR/USD (Euro - US Dollar) outlook and forecast is presented by the team of ForexAbode's in-house analysts and is followed by the traders around the world. The outlook takes into account the various factors which can affect the future price-action of EUR/USD. The factors to analyze the outlook are geo-political news, fundamentals including major economic releases and technical factors but most importantly we focus on the price-action analysis.

 

The outlook reflects our views for short-term to mid-term movement. However, sometimes the analysis takes into account the price-data which may span many years and have a longer-term view. This is also supported by our very popular chart alerts.

 

The weekly analysis includes the predictions for the next week's expected moves for the euro and US dollar. However, the forecast is not only limited to the coming week but is applicable for the overall expectations for the near-term to longer-term. Apart from the weekly forecasts we also update EUR/USD daily technical analysis, which presents our views about the price-action from short-term perspective.

 

You may also like to check the following resources for trading EUR/USD:

 

 

EUR/USD Daily Analysis - July 29, 2015

Written By : ForexAbode.com || 2015-07-29 04:52:38 GMT

Current Exchange Rate: 1.1065 at the time of analysis update. Intraday overall outlook:  .    From trading point of view i.e.

EUR/USD Daily Analysis - July 27, 2015

Written By : ForexAbode.com || 2015-07-27 05:03:36 GMT

Current Exchange Rate: 1.1074 at the time of analysis update. Intraday overall outlook:  .    Today was the fifth time during past one month that EUR/USD tried to test 200-day moving average resistance and struggled against it. We expect this resistance to hold and if it does the we expect another decline.   On the upside we expect resistance to hold below 1.1120.

EUR/USD Daily Analysis - July 17, 2015

Written By : ForexAbode.com || 2015-07-17 05:16:09 GMT

Current Exchange Rate: 1.0881 at the time of analysis update. Intraday overall outlook:  .    EUR/USD touched a low of 1.0856 and went into a narrow sideways mode for past 18 hours.

EUR/USD Daily Analysis - July 14, 2015

Written By : ForexAbode.com || 2015-07-14 05:22:20 GMT

Current Exchange Rate: 1.1026 at the time of analysis update. Intraday overall outlook:  .    EUR/USD moved the way we had indicated yesterday but the second level of the support came 11 pips ahead of what we had mentioned.

EUR/USD Daily Analysis - July 13, 2015

Written By : ForexAbode.com || 2015-07-13 04:57:37 GMT

Current Exchange Rate: 1.1075 at the time of analysis update. Intraday overall outlook:  .  Today was the third time when EUR/USD failed to break over 200-day moving average once again. In fact since June 4th this resistance level is proving to be critical as the breakout in-between had failed to sustain. The sentiments remain bearish.

EUR/USD Daily Analysis - July 07, 2015

Written By : ForexAbode.com || 2015-07-07 05:05:26 GMT

Current Exchange Rate: 1.0974 at the time of analysis update. Intraday overall outlook:  .    EUR/USD's break of 1.0954 support was the highlight. Though this break did not prove to be decisive but highlights the fact that bearish sentiments are in control.    With another break below 1.0954 we would expect the decline to test 1.0887/1.0900 support first.

EUR/USD Daily Analysis - July 03, 2015

Written By : ForexAbode.com || 2015-07-03 05:29:12 GMT

Current Exchange Rate: 1.1098 at the time of analysis update. Intraday overall outlook:   Though overall we are still bearish for EUR/USD but today is Friday and considering the recent sideways moves our intraday outlook is neutral.    We still expect resistance to hold in 1.1120/1.1125 resistance zone but any break of that resistance should take the pair to retest 1.1177/1.1185 resistance zone.

EUR/USD Daily Analysis - July 02, 2015

Written By : ForexAbode.com || 2015-07-02 05:22:51 GMT

Current Exchange Rate: 1.1076 at the time of analysis update. Intraday overall outlook:   EUR/USD moved as we had indicated yesterday and broke below the second target of 1.1058 to touch 1.1032 before entering a sideways mode.    The immediate outlook remains bearish as long as the first expected resistance at 1.1087 to 1.1095 holds.

EUR/USD Daily Analysis - July 01, 2015

Written By : ForexAbode.com || 2015-07-01 04:13:15 GMT

Current Exchange Rate: 1.1127 at the time of analysis update. Intraday overall outlook:   As we had mentioned yesterday we still remain in favor of another fall for EUR/USD. We had indicated the first resistance upto 1.1235 and second at 1.1278 yesterday.

EUR/USD Daily Analysis - June 30, 2015

Written By : ForexAbode.com || 2015-06-30 05:31:49 GMT

Current Exchange Rate: 1.1176 at the time of analysis update. Intraday overall outlook:   EUR/USD jumped up because of some confidence building about Greece default dangers and that may keep some volatile or sideways moves extend for some more time.

Interest Rate difference of EUR and USD

EUR to USD Interest Rates Comparison
 
Euro (EUR) interest rate
0.15%
US Dollar (USD) interest rate
0.25%
EUR/USD interest rate comparison
0.10%

Overall Price-Action Trend of EUR/USD

Please refer the following monthly chart of 10-year historical price-action to check the overall EUR/USD trend.

Monthly chart of EUR/USD, indicating the overall trend.

 

Main observations for EUR/USD historical price-action and outlook for the near future

  • Highs getting lower since the great fall during the economic crisis of 2008-2009.
  • EUR/USD faced very strong resistance near 1.5000 during past to attempts for recovery.
  • Repetitive support approximately in the range of 1.2000 to 1.2500.
  • Overall uptrend since mid-2012 and the prices are contained in a rising channel.
  • Good possibilities that  the currency pair may break over 1.4000. Incase such a break takes place then 1.4500 should be the next target.

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