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:

 

 

What The Charts Are Saying For EUR/USD?

Written By : forexabode || 2013-02-09 12:18:01 GMT

EUR/USD fell very strongly after touching 1.3711. Well, it was half way between the big psychological level of 1.3500 and the bigger psychological level of 1.4000. This kind of fall had to come before the pair dare to touch the big guns at 1.4000. It just came a bit before the expected 1.3820 level. What do the charts say? 55-day EMA is our favorite and we are not the exceptions. Its kind of common.

EUR/USD Found Support Exactly AT 22 Day EMA

Written By : forexabode || 2013-02-05 09:15:19 GMT

EUR/USD found support exactly at 22-day EMA. Resistance neat 1.3560/1.3565 is critical and a break over that may indicate that the support is holding well and further upward move may come. The yellow EMA line is 22 day EMA in the daily EURUSD chart on the left hand side.

EUR/USD Weekly Outlook - Feb 03, 2013

Written By : ForexAbode.com || 2013-02-03 00:00:00 GMT

Euro - U.S. Dollar (EUR/USD) moved as we had indicated during last weekend. After breaking over the critical 1.3484 the currency pair went as high as 1.3711 before closing for the week at 1.3640. The very strong break over the very critical 1.3486 and then also 1.3500 psychological level keep the bullish outlook for EUR/USD intact.

Next Expected Resistance Level For EUR/USD

Written By : forexabode || 2013-02-02 09:45:11 GMT

After breaking over the very critical resistance of 1,3486, EUR/USD did not look back and moved as high as 1.3711.

EUR/USD Weekly Outlook - Jan 27, 2013

Written By : ForexAbode.com || 2013-01-27 00:00:00 GMT

Euro - U.S. Dollar (EUR/USD) had initially moved down but found support at 1.3266 i.e. 10 pips above the support level mentioned by us during last weekend. The current pair, then, moved up as was mentioned and went as high as 1.3179 i.e. 7 pips below 1.3486 before falling into a sideways mode.

EUR/USD Breaks The Barrier Of 1.3400

Written By : himanshu || 2013-01-25 08:40:27 GMT

After briefly touching 1.3404 on January 13th, EUR/USD could not sustain the upward gains and fallen strongly. The pair had gone into a very volatile sideways mode since then but each attempt of breaking over 1.3400 has been failing since then.

EUR/USD Found Resistance Near The Mid Term Trend Line

Written By : himanshu || 2013-01-19 09:56:41 GMT

During the previous week EUR/USD had gone as high as 1.3403. A pair managed this break first time since March 1st 2012 but could not sustain it's upward gains and fell into a volatile sideways move. The second attempt to break over 1.3400 was made on Friday, January 18 but the pair failed at 1.3398. Resistance at the upper trend line Since mid-July 2012 EUR/USD has been mainly moving within a rising trend line channel.

EUR/USD Weekly Outlook - Jan 19, 2013

Written By : ForexAbode.com || 2013-01-19 00:00:00 GMT

Euro - U.S. Dollar (EUR/USD) had initially moved up from last weekend's closing at 1.3342. The pair went as high as 1.3404 but then fell into a sideways movement. Second attempt to break over 1.3400 failed at 1.3398. The subsequent fall took EUR/USD to 1.3280 before it closed for the week at 1.3320. Technically the failure near 1.3400 indicated the pressure of approaching 1.3500 psychological level.

EUR/USD Drops Amidst Changing Sentiments

Written By : himanshu || 2013-01-16 01:09:22 GMT

After going as high as 1.3404, EUR/USD could not sustain the psychological resistance of 1.3500 ranges. The currency pair remained in sideways mode below 1.3400 for over 15 hours but then fell strongly to 1.3263 before recovering slightly. U.S. Debt crisis and President Barak Obama's Firm stand President Barak Obama's firm stand about raising the borrowing limits to come out of the debt crisis has given some push to the strength of the U.S.

EUR/USD Broke Over The Second Resistance

Written By : forexabode || 2013-01-12 08:50:33 GMT

After breaking over 1.3283 and touching 1.3308 the currency pair had found strong resistance and then could not break that resistance again for 3 weeks. yesterday's strong upward jump has taken out 1,3283 again and then 1.3308. The three key resistance for EUR/USD have been as follows: 1) 1.3283 2) 1.3385 3) 1.3486 EUR/USD Weekly Chart The high of Friday was 1.3366 which was slightly below the second important resistance.

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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