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 Bullish Signal With Triple Resistances

Written By : forexabode || 2013-04-08 01:14:09 GMT

After being in a volatile sideways range with the psychological support of 1.3000, EUR/USD had gone as low as 1.2745. The support came much ahead of the next psychological level of 1.2500 and the pair touched 1.3040. We just got a bullish signal when 5-day EMA line moved over 22--day EMA line first time since February 9th.

EUR/USD Gets Another Bearish Signal

Written By : forexabode || 2013-03-09 10:13:02 GMT

EUR/USD's move below 200-day moving average gad given a strong bearish signal as was indicated in this EUR/USD chart alert. However, the pair had gone into a very volatile sideways mode since then. The upward jump found resistance below 22-day EMA and then price fell below the 200-day EMA again. The new bearish signal was when 5-day EMA moved below the 200-day moving average line.

EUR/USD Weekly Outlook - Mar 09, 2013

Written By : ForexAbode.com || 2013-03-09 00:00:00 GMT

Euro - U.S. Dollar (EUR/USD) had gone into a sideways mode after touching the low of 1.2966. Last week's strong upward jump had take the currency pair as high as 1.3134 but then the equally strong fall took it to 1.2955 before the pair closed for the week at 1.3004.

EUR/USD Breaks Below The 200-Day Moving Average Support

Written By : forexabode || 2013-03-03 22:53:50 GMT

On last Friday EUR/USD not only broke below 1.2997 but also broke the 200-day moving average support. Though the weekly closing was slightly above the 200-day SMA but the today's trading session started with another break below that support. During mid-November 2012 the 200-day SMA level had proved to be a very strong support and the price had gone as high as 1.3711 from there.

EUR/USD Against The Wall Of Double Support

Written By : forexabode || 2013-02-26 09:17:15 GMT

In our last weekly analysis of EUR/USD we had mentioned the following: "On the down side if there is a decisive break below 1.3060 then very strong support near 1.3000/1.3020 is expected.

EUR/USD's Supports And Resistances

Written By : forexabode || 2013-02-24 01:04:47 GMT

1) EUR/USD near the 38.2% retracement of it's upward move from 1.2042 to 1.3711. A move towards this i.e. 1.3065/1.3073 can not be ignored. EUR/USD weekly chart 2) The Resistance had come below 50% retracement of the previous fall from 1.4940 to 1.2042. Please also note that the current price action is at 38.2% retrament of the same move.

EUR/USD Weekly Outlook - Feb 24, 2013

Written By : ForexAbode.com || 2013-02-24 00:00:00 GMT

Euro - U.S. Dollar (EUR/USD) moved as we had mentioned 2 weeks back. The currency pair fell further to 1.3145 before closing for the week at 1.3219. Please note that we are still considering the recent downward move as consolidation of the upward moves from 1.2042 to 1.3711.

EUR/USD Near The Lower Edge Support Of Daily Cloud

Written By : forexabode || 2013-02-21 00:35:32 GMT

EUR/USD broke the support of 55-day EMA and is now just over the support level of the lower edge of the daily Ichimoku cloud. EUR/USD and 55-day EMA EUR/USD and daily ichimoku cloud You may also check the daily EUR/USD Outlook.

EUR/USD at 38.2% Retracement Level

Written By : forexabode || 2013-02-13 11:46:48 GMT

EUR/USD's jump has taken it to the 38.2% retracement level of the downward move from 1.3711 to 1.3353. Just above this is the psychological resistance of 1.3500.

EUR/USD Weekly Outlook - Feb 10, 2013

Written By : ForexAbode.com || 2013-02-10 00:00:00 GMT

Euro - U.S. Dollar (EUR/USD) went down for consolidation as we had indicated during the last weekend. The currency pair even broke the support of 1.3414 and went as low as 1.3353 before closing for the week at 1.3365. Please note that the overall outlook of EUR/USD is not bearish and we are taking the recent moves just as a correction.

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 subscription


Name:
Email:
Confirm Email:
2+6

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