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 - May 09, 2010

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

1) US: Payrolls in the U.S. increased in April by the most in four years, Nonfarm payroll report quite positive. 2) US: Unemployment rate also increased which may seem contradicting to increase in the payrolls. But it happens because with the increase in the job officering many people who had given up hopes for employment of were looking for part-time jobs start looking for full-time employment.

EUR/USD Weekly Outlook - May 02, 2010

Written By : ForexAbode.com || 2010-05-02 00:00:00 GMT

1) US: Housing market: Existing and grew more than expected. 2) US: Economy expanded at 3.2% annual rate during first quarter. 3) US: Consumer spending grew at the fastest pace in 3 years during first quarter.

EUR/USD Weekly Outlook - Apr 25, 2010

Written By : ForexAbode.com || 2010-04-25 00:00:00 GMT

1) US: Housing market: New Home sales rose by 27% in March which is most in 5 decades.

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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