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 - An Eye On EUR/USD

Written By : forexabode || 2012-11-07 23:40:00 GMT

Since the middle of September and more specifically from September end, a clear directional trend was missing in the markets. Any bearish move of EUR/USD has been finding support over 1.2800. The day of election results from U.S. clearly broke that pattern. During yesterday's analysis for EUR/USD, we had mentioned that more downward move was expected for the currency pair. CEOs around the U.S.A.

Euro zone Debt Crisis and EUR/USD Outlook - What's New?

Written By : forexabode || 2012-10-23 23:54:47 GMT

EUR/USD had a strong fall, which as of now we will avoid to term as "free fall". The pair had gone to 1.3139 but could not retest the previous high of 1.3172.

EUR/USD Weekly Outlook - Oct 21, 2012

Written By : ForexAbode.com || 2012-10-21 00:00:00 GMT

EUR/USD Outlook:  Euro-US Dollar (EUR/USD) failed to break below 1.2891 during the beginning of the last week and took a strong upward jump. The upward move found resistance 9 pips above 1.3030 which we had mentioned during last weekend.

EUR/USD Gaines further on Spain's Credit Ranking

Written By : forexabode || 2012-10-17 00:43:07 GMT

EUR/USD moved further up and went as high as 1.3124 after Moody's kept the credit ranking of Spain on Investment grade which boosted the confidence in Spain.

EUR/USD Weekly Outlook - Oct 14, 2012

Written By : ForexAbode.com || 2012-10-14 00:00:00 GMT

EUR/USD Analysis/Outlook:  Euro-US Dollar (EUR/USD) could not break over 1.3071 and then broke the mentioned support of 1.2940/1.2040 and went as low as 1.2825. A strong support came above the previous low of 1.2804 and the strong upward jump took the pair to as high as 1.2992 before it closed for the week at 1.2952.

EUR/USD Outlook - 2012/10/12

Written By : forexabode || 2012-10-12 00:39:51 GMT

EUR/USD had a strong upward jump from the low of 1.2825 to 1.2951 and went into sideways mode after finding resistance much before the psychological 1.3000 and previous resistance of 1.2961. EUR/USD Today - Hourly Chart The support before this upward move had come above the 55-day EMA support level.

EUR/USD Outlook - 2012/10/11

Written By : forexabode || 2012-10-11 00:00:58 GMT

EUR/USD had gone as low as 128.35 but then slight upward jump took place but the price found resistance just below the 22-day EMA resistance.

EUR/USD - 2012/10/10

Written By : forexabode || 2012-10-10 00:07:08 GMT

In the update about EUR/USD's onOctober 8th, we had mentioned that if the pair breaks below 1.2935/1.2925 then our outlook for immediate gains will start neutralizing.

A classical Example of EMA Support and Resistance - EUR/USD

Written By : forexabode || 2012-10-08 12:25:50 GMT

A classical example of Exponential Moving Averages in their best of the acts. We are just posting a chart of 5-hourly EMA resistance today. The 5-hour EMA is the green line. EUR/USD Hourly Chart   The price action indicates that a break of this resistance may be on the cards but even if that happens we would expect a resistance near 1.2995. Happy Trading.

EUR/USD Outlook - 2012/10/08

Written By : forexabode || 2012-10-08 01:59:28 GMT

The early Monday morning of Asian session is witnessing some weakness in EUR/USD but this can not be taken as a sign of topping. Few markets are open as of now as Japan has a national holiday today. EUR/USD Today   EUR/USD Economic Releases: U.S.: No economic releases are scheduled today because of Federal holiday of Columbus Day. As far as economic releases are concerned tomorrow is also a dull day at 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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