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:

 

 

Markets Today - EUR/USD Hesitating Below The Previous High

Written By : forexabode || 2012-12-14 09:44:16 GMT

Today's outlook for EUR/USD: The high on September 17th war 1.3172, the subsequent high on October 17th was 1.3139 which had taken place after a drop to 1.2804. The next high on was on December 5th, which had taken place after a drop to 1.2661.

EUR/USD : Near The Upper Band

Written By : forexabode || 2012-12-13 04:35:30 GMT

EUR/USD is near the upper band resistance of Bollinger bands on daily chart. Though the bands are widening to indicate a possible bigger move but possibilities of a consolidation remain:  

EUR/USD's Attempt To Break Above The Channel Resistance

Written By : forexabode || 2012-12-09 00:06:48 GMT

EUR/USD attempted to break above the mid-term channel first time since the beginning of May 2011 i.e. after 19 months.

EUR/USD Weekly Outlook - Dec 09, 2012

Written By : ForexAbode.com || 2012-12-09 00:00:00 GMT

EUR/USD Outlook:  Euro-US Dollar (EUR/USD), after breaking over 1.3000, moved as we had mentioned last weekend. The currency pair went as high as 1.3126 but failed to retest the 1.3139 high of October 17th and fell sharply to touch 1.2876 before closing for the week at 1.2927.

EUR/USD Broke the Initial Supports (Updated December 9th, 2012)

Written By : forexabode || 2012-12-07 10:53:14 GMT

The combined supports of 38.2% retracement and 22-day EMA were broken and that makes the outlook little bearish. We have next support also with 2 forces joining hands. The short term trend line and 55-day EMA. These supports are slightly above 1.2900.

EUR/USD At Double Support Level

Written By : forexabode || 2012-12-07 01:43:01 GMT

EUR/USD Alert: The currency pair is at double support level. 1) 38.2% retracement of the uptrend which took place between Nov. 13th and Dec. 5th. And 2) 22-Day EMA support level. Please check the following charts: Chart 1 (38.2% Retracement): Chart 2 (22-day EMA)

EUR/USD Completes 38.2% Retracement

Written By : forexabode || 2012-12-06 23:56:37 GMT

EUR/USD completed 38.2% retracement of the recent upward move during November 13th to December 5th, 2012. This level zone is expected to come  as support and if this support holds then the upward move may resume. However a break of this should bring some more consolidation. Please check the daily chart of EUR/USD:  

EUR/USD Weekly Outlook - Dec 02, 2012

Written By : ForexAbode.com || 2012-12-02 00:00:00 GMT

EUR/USD Outlook:  Euro-US Dollar (EUR/USD) could not break below 200-day moving average support mentioned. The currency pair went as low as 1.2661 but jumped up to 1.2802 and after finding resistance below 22-day EMA, dropped by 112 pip before closing for the week at 1.2742.

EUR/USD Weekly Outlook - Nov 18, 2012

Written By : ForexAbode.com || 2012-11-18 00:00:00 GMT

EUR/USD Outlook:  Euro-US Dollar (EUR/USD) could not break below 200-day moving average support mentioned. The currency pair went as low as 1.2661 but jumped up to 1.2802 and after finding resistance below 22-day EMA, dropped by 112 pip before closing for the week at 1.2742.

EUR/USD Weekly Outlook - Nov 11, 2012

Written By : ForexAbode.com || 2012-11-12 00:00:00 GMT

EUR/USD Outlook:  Euro-US Dollar (EUR/USD) rose a bit during the beginning of the last week but failed at 1.3083 and dropped sharply to 1.2882 before closing for the week at 1.2937. The support came over 1.2865 as we had mentioned during last weekend. Since middle of September the currency pair is engaged in a very volatile sideways mode and that keeps out outlook for EUR/USD mixed.

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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