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 - Oct 07, 2012

Written By : ForexAbode.com || 2012-10-07 00:00:00 GMT

EUR/USD Analysis/Outlook:  Euro-US Dollar (EUR/USD) went as low as 1.2804 but found a strong support there and moved up. The highlight of the last week was the break of 1.3000. The currency pair went as high as 1.3071 before closing for the week at 1.3038. The failure of breaking below 1.2800 and the strong upward move since then indicates that bullish sentiments have come back into the picture.

EUR/USD Today - 2012/10/05

Written By : forexabode || 2012-10-05 04:15:22 GMT

EUR/USD moved up very strongly yesterday. The upward sentiments were visible earlier during the day but those were fueled during ECB President Mario Draghi's Press Conference and the currency pair went as high as 1.3031 after breaking over the psychological 1.3000 level. Since then EUR/USD has gone into a sideways mode below 1.3031 and over 1.3007.

EUR/USD Today - 2012/10/04

Written By : forexabode || 2012-10-04 09:04:36 GMT

EUR/USD inched upwards but all the price action has been below the recent 1.2968. The upward gains have not yet retested that level. Over all a sideways movement the currency pair has been engaged in for past couple of days. EUR/USD Daily Chart:   Today we have Interest Rate decision from Euro zone. The decision is schedule at 11:45 GMT but ECB is expected to keep the benchmark rate same at 0.75%.

EUR/USD Weekly Outlook - Sep 30, 2012

Written By : ForexAbode.com || 2012-09-30 00:00:00 GMT

EUR/USD Analysis/Outlook:  Euro-US Dollar (EUR/USD) continued it's fall during the first 4 days of last week. The currency pair went as low as 1.2828.

EUR/USD Today - 2012/9/28

Written By : forexabode || 2012-09-27 22:58:46 GMT

EUR/USD Today: Today's outlook for EUR/USD: Yesterday was another mixed day for EUR/USD. The pair had gone down to 1.2828 i.e.

EUR/USD: What to Expect Today? (EUR/USD Outlook - September 26, 2012)

Written By : forexabode || 2012-09-25 23:08:34 GMT

EUR/USD Today's Outlook: This post is in continuation of yesterday's post i.e. http://www.forexabode.com/forexblog/eurusd-stuck-between-close-resistance-and-support-levels/. Yesterday (for US it is still today) was a mixed, volatile day for EUR/USD and the currency pair moved like a drunk or a confused person.

EUR/USD Stuck Between Close Resistance and Support Levels

Written By : forexabode || 2012-09-25 03:13:55 GMT

EUR/USD is finding resistance exactly at 5-day EMA (green line in the following chart) and support at 22-day EMA (Yellow line).

EUR/USD - Mid-Term Outlook

Written By : forexabode || 2012-09-14 00:50:09 GMT

Mid-Term Outlook of EUR/USD Federal Reserve announced buying of Mortgage Securities in yesterday's policy meeting.

EUR/USD Outlook - September 13, 2012

Written By : forexabode || 2012-09-13 06:08:44 GMT

EUR/USD has been moving in very narrow ranges even though the movement is showing signs of bullishness. The factors which are keeping the move in check are: 1) Psychological resistance of approaching 1.3000 ranges: Since May 8th, 2012 the pair has been trading below this and even had dropped as low as 1.2042.

EUR/USD Weekly Outlook - Sep 09, 2012

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

EUR/USD Analysis/Outlook:  Euro-US Dollar (EUR/USD) had a very strong upward move and the currency pair even broke over the mentioned resistance of 1.2740. EUR/USD went as high as 1.2817 and closed for the week, very bullishly at 1.2816. As we had mentioned in our blog section also, the strong upward jump has also broken above the channel within which the pair had been moving for over one year.

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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