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 24, 2010

Written By : ForexAbode.com || 2010-10-24 00:00:00 GMT

1) EU: German ZEW Survey - Economic Sentiment release for October- quite negative as compared to the previous release and also less than the forecasts. 2) EU: EU ZEW Survey - Economic Sentiment data- much less than the previous release but better positive as compared to the forecasts. 3) EU: German ZEW Survey - Current Situation (Oct) - very positive as compared to the previous release as well as the forecasts.

EUR/USD Weekly Outlook - Oct 17, 2010

Written By : ForexAbode.com || 2010-10-17 00:00:00 GMT

1) EU: German Year on Year Consumer Price Index data much better than the previous release and same as the forecasts. 2) EU: Industrial Production data quite positive as compared to the previous releases as well as the forecasts. 3) EU: Trade Balance releases negative as compared to the previous releases as well as the forecasts.

EUR/USD Weekly Outlook - Oct 10, 2010

Written By : ForexAbode.com || 2010-10-10 00:00:00 GMT

1) EU: Sentix Investor Confidence data for October positive as compared to previous release as well as the forecasts. 2) EU: Producer Price Index release were negative positive as compared to previous releases as well as the forecasts 3) EU: German PMI data for services data less than the previous release but positive as compared to the forecasts.

EUR/USD Weekly Outlook - Oct 2, 2010

Written By : ForexAbode.com || 2010-10-03 00:00:00 GMT

1) EU: M3 Money Supply release quite positive as compared to the previous release as well as the forecasts.

EUR/USD Weekly Outlook - Sep 26, 2010

Written By : ForexAbode.com || 2010-09-26 00:00:00 GMT

1) EU: Spain will raise taxes on the highest earners and cut spending in the most austere budget in at least three decades to slash the euro region’s third-largest deficit..

EUR/USD Weekly Outlook - Sep 19, 2010

Written By : ForexAbode.com || 2010-09-19 00:00:00 GMT

1) EU: Speculation that some banks in the EU region may incur deeper losses spurred by the global financial crisis. This was amid renewed Irish Bank Concern that the banks may require further government aid.

EUR/USD Weekly Outlook - Sep 05, 2010

Written By : ForexAbode.com || 2010-09-05 00:00:00 GMT

1) EU: Economic Confidence data and Consumer Confidence data reports both were better than the previous release as well as the estimations. 2) EU: German Unemployment Change release negative as compared to the previous release as well as the estimations. 3) EU: GDP Preliminary data releases positive as compared to the previous releases.

EUR/USD Weekly Outlook - Aug 14, 2010

Written By : ForexAbode.com || 2010-08-14 00:00:00 GMT

1) EU: Sentix Investor Confidence (August) release much better as compared to the previous release as well as the expectations. 2) EU: (Germany) Consumer Price Index releases for Month on Month and Year on Year better as compared to the previous release as well as the expectations.

EUR/USD Weekly Outlook - Aug 8, 2010

Written By : ForexAbode.com || 2010-08-08 00:00:00 GMT

1) EU: According to Bank of Spain Spain’s economic growth accelerated to 0.2 percent in the second quarter from 0.1 percent in the previous three months. The EU: Italian economy expanded 0.4 percent. 2) EU: The 16-nation region probably expanded 0.7 percent in the second quarter, with German growth accelerating to 1.3 percent from 0.2 percent, two separate surveys showed. The reports will be published on August 13th.

EUR/USD Weekly Outlook - Aug 1, 2010

Written By : ForexAbode.com || 2010-08-01 00:00:00 GMT

1) EU: Economic Confidence data better as compared to previous results as well as expectations. 2) EU: Industrial Confidence data better as compared to previous results as well as expectations.

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:
9+13

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