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 - 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.

EUR/USD Daily Analysis - August 7, 2014

Written By : ForexAbode.com || 2014-08-07 05:19:17 GMT

Current Exchange Rate: 1.3375 at the time of analysis update. Intraday overall outlook:   The outlook for EUR/USD stays bearish and further fall towards 1.3294 to 1.3320 support level is expected now. Considering some loss of downward momentum, silght correction may take place but on the upside a resistance is expected near 1.3420. Even if this resistance fails then the recovery should be limited to 1.3445.

EUR/USD Outlook - Week of August 4th, 2014

Written By : ForexAbode.com || 2014-08-03 05:23:06 GMT

EUR/USD had continued its downward journey during the last week to touch the low of 1.3367 before recovering, strongly, on Friday's U.S. trading session to go as high as 1.3445 before closing for the week at 1.3432.   There is no change in the bearish outlook for the near-term but initially we stay neutral and we expect some more upward consolidation. The last week had started with some good economic releases from the U.S.

EUR/USD Fundamental Analysis & Economic Strength Meter - August 2, 2014

Written By : ForexAbode.com || 2014-08-01 17:23:59 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.

EUR/USD Weekly Outlook - July 28 to August 1, 2014

Written By : ForexAbode.com || 2014-07-27 02:18:45 GMT

EUR/USD failed in its attempt of slight recovery at 1.3549 and fell strongly during the last week. The pair touched a low of 1.3421 before closing for the week at 1.3530.   The highlights of the last week was break of some key support levels. The first was 1.3490 and the most important was 1.3476.

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.

Forex Trading Alerts


Name:
Email:
Confirm Email:
578rw

We will send email alerts as soon as the Forex analysis is updated.
Request you to check the Junk (spam mail) folder immediately in case Google group mail is not received in Inbox.

Enter Forexabode Blog

Enter Forex Abode Community

Forex Rates