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 - 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.

EUR/USD Daily Analysis - June 29, 2015

Written By : ForexAbode.com || 2015-06-29 05:25:46 GMT

Current Exchange Rate: 1.1114 at the time of analysis update. Intraday overall outlook:     As we have been mentioning in previous analysis updates, EUR/USD fell strongly to touch a low of 1.0954 but then recovered to 1.1142 before finding some resistance near 5-day EMA. The recovery was natural because of the psychological support of the parity level range.

EUR/USD Daily Analysis - June 26, 2015

Written By : ForexAbode.com || 2015-06-26 05:51:27 GMT

Current Exchange Rate: 1.1207 at the time of analysis update. Intraday overall outlook:     EUR/USD is in sideways mode after touching a low of 1.1135 and then jumping up to 1.1235. There is no change in our outlook which we had mentioned yesterday. SOme more sideways movements are expected but overall we remain in favor of another fall.

EUR/USD Daily Analysis - June 25, 2015

Written By : ForexAbode.com || 2015-06-25 05:42:01 GMT

Current Exchange Rate: 1.1202 at the time of analysis update. Intraday overall outlook:     EUR/USD went down as low as 1.1135 and then jumped up to 1.1235 and then fell into a sideways mode. The intraday outlook still remains bearish.

EUR/USD Daily Analysis - June 23, 2015

Written By : ForexAbode.com || 2015-06-23 04:57:43 GMT

Current Exchange Rate: 1.1229 at the time of analysis update. Intraday overall outlook:   EUR/USD broke the support of the short-term support trend line and that brings further short-term bearish sentiments into the picture. However the current price action is close to a support level derived from the previous support at 1.1205 and the 55-day EMA which is currently at 1.1195.

EUR/USD Daily Analysis - June 19, 2015

Written By : ForexAbode.com || 2015-06-19 06:01:41 GMT

Current Exchange Rate: 1.1316 at the time of analysis update. Intraday overall outlook:   As we had mentioned yesterday that the break over 1.1387 was a critical development for further gains and though we had indicated gains towards 1.1440 but EUR/USD fell short from that first target by 4 pips. The price-actio found a strong resistance at 1.1436 and fell strongly to 1.1292 before recovering a little.

EUR/USD Daily Analysis - June 18, 2015

Written By : ForexAbode.com || 2015-06-18 06:04:49 GMT

Current Exchange Rate: 1.1399 at the time of analysis update. Intraday overall outlook:   The break over the recent high of 1.1387 has turned the intraday outlook mildly bullish. The recent resistance came at 1.1420 but it was a mild resistance. As support is now expected in the range of 1.1360 to 1.1372 and if this resistance holds then further gains first towards 1.1440 and then 1.1450 are expected.

EUR/USD Daily Analysis - June 17, 2015

Written By : ForexAbode.com || 2015-06-17 04:45:48 GMT

Current Exchange Rate: 1.1263 at the time of analysis update. Intraday overall outlook:     Some more upward moves are expected but the overall intraday outlook stays neutral for EUR/USD.    A symmetrical triangle pattern has emerged along with an ascending channel, which is quite clear on the daily chart. The resistance for this triangle pattern is in the range of 1.1315 to 1.1320.

EUR/USD Daily Analysis - June 15, 2015

Written By : ForexAbode.com || 2015-06-15 04:36:31 GMT

Current Exchange Rate: 1.1225 at the time of analysis update. Intraday overall outlook:     Over all short-term bearish presssure seems to be more but the price action seems to be contained in a short-term ascending channel and the pair just touched the support line once again and retreated upwards. Considering this we stay neutral for EUR/USD though we still favor some more downward consolidation before an upward jump.

EUR/USD Daily Analysis - June 12, 2015

Written By : ForexAbode.com || 2015-06-12 04:38:26 GMT

Current Exchange Rate: 1.1200 at the time of analysis update. Intraday overall outlook:     A double-top pattern has started forming. The support we had indicated yesterday in the range of 1.1220 to 1.1225 was broken and then the pair had moved down, as was mentioned, to 1.1151.

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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