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 Weekly Outlook - January 5, 2015 to January 9, 2015

Written By : ForexAbode.com || 2015-01-04 03:40:37 GMT

EUR/USD  broke below July 2012's strong support of 1.2042 to go as low as 1.2001 before closing bearishly at 1.2002. Fundamental Facts for EUR/USD There have been few economic releases during the last week due to the holiday seasons.  The consumer confidence in the U.S. further improved from 91.00 to 92.6 and the pending home sales which grew to 4.1% from previous month's 2.1%.

EUR/USD Weekly Outlook - December 28, 2014 to January 2, 2015

Written By : ForexAbode.com || 2014-12-27 17:31:23 GMT

EUR/USD remained in sideways mode after touching the low of 1.2165 during the last week. The weekly closing was at 1.2181. Fundamental Facts Amidst the strong bearish sentiments for the euro, though on one hand the durable sales report from the U.S. showed a decline by -0.7% during November but the GDP data came bullish for the quarter 3. The GDP showed a growth of 5% against the 4.6% change in the quarter 2.

EUR/USD Daily Analysis - December 11, 2014

Written By : ForexAbode.com || 2014-12-11 02:38:57 GMT

Current Exchange Rate: 1.2424 at the time of analysis update. Intraday overall outlook:   As we had mentioned yesterday, the pair could not break the psychological resistance of 1.2500 and fell sharply. Some support is still expected at or above 1.2400. However, a failure of this support should take EUR/USD towards 1.2340/1.2344 support level.

EUR/USD Daily Analysis - December 10, 2014

Written By : ForexAbode.com || 2014-12-10 03:42:09 GMT

Current Exchange Rate: 1.2383 at the time of analysis update. Intraday overall outlook:   The resistance has been coming between 22-day EMA and 55-day EMA. The current 55-day EMA is at 1.2506.   Practically no decisive break of 22-day EMA has been taking place. The recent resistance was faced at 1.2448 and this also indicates that the psychological fear of 1.2500 is firmly in place.

EUR/USD Weekly Outlook - September 28 to October 3, 2014

Written By : ForexAbode.com || 2014-09-27 19:54:11 GMT

EUR/USD continued it's downtrend to touch a low of 1.2677 before closing for the week at 1.2685. Fundamental Facts The break of the key psychological level of 1.3000 had taken place with a strong fall on September 4th, followed by the ECB's interest rate cut from 0.15% to 0.05%. The inflation rate in the euro-zone had gone down to 0.4% in August from the high of 3.0% during the end of 2011.

EUR/USD Daily Analysis - September 2, 2014

Written By : ForexAbode.com || 2014-09-02 05:39:53 GMT

Current Exchange Rate: 1.3116 at the time of analysis update. Intraday overall outlook:   Yesterday we had indicated support over 1.3100 and with that a move towards 1.3160. However the currency pair failed at 1.3137 which was lower than yesterday's previous 1.3145. This failure indicates that the psychological support of 1.3000 range is not proving to be as strong as it should have been.

EUR/USD Daily Analysis - September 1, 2014

Written By : ForexAbode.com || 2014-09-01 05:08:18 GMT

Current Exchange Rate: 1.3137 at the time of analysis update. Intraday overall outlook:   There is no change in the bearish outlook for euro and hence EUR/USD but some correction is expected ahead of the psychological range of 1.3000 i.e. before the currency pair breaks below 1.3100. The recent support came again near 5 day EMA and it should hold for a while.

EUR/USD Fundamental Analysis & Economic Strength Meter - August 17, 2014

Written By : ForexAbode.com || 2014-08-17 04:24:32 GMT

The EUR/USD fundamental analysis and outlook is updated weekly. This is mainly derived from the recent major economic releases and news. The EUR/USD economic strength meter at the bottom shows the relative strength or weakness of the recent economic releases and news from the euro-zone and the U.S., which may affect the relative strength of euro versus U.S.

EUR/USD Weekly Outlook - August 11 to 15, 2014

Written By : ForexAbode.com || 2014-08-10 00:52:51 GMT

EUR/USD went further low to 1.3333 before recovering to 1.3433 on Friday and then closing for the week at 1.3412. The strong jump seen on Friday from the lower edge of the weekly Ichimoku cloud suggests that some more upward consolidation cannot be ruled out.

EUR/USD Fundamental Analysis & Economic Strength Meter - August 9, 2014

Written By : ForexAbode.com || 2014-08-08 21:41:33 GMT

The EUR/USD fundamental analysis is updated weekly. This is mainly derived from the recent major economic releases and news. The EUR/USD economic strength meter at the bottom shows the relative strength or weakness of the recent economic releases and news from the euro-zone and the U.S., which may affect the relative strength of euro versus U.S.

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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