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 Daily Analysis - July 22, 2014

Written By : ForexAbode.com || 2014-07-22 02:01:58 GMT

Current Exchange Rate: 1.3507 at the time of analysis update. Intraday overall outlook:   EUR/USD had tried to recover after hitting 1.3490 but could not sustain and failed at 1.3549. The pair remained in a sideways mode for some time but then continued it's decline. The outlook for today remains bearish for a retest of the recent 1.3490 first and then possibly deeper towards the strong support zone of 1.3476 to 1.3480.

EUR/USD Fundamental Analysis & Economic Strength Meter - July 20, 2014

Written By : ForexAbode.com || 2014-07-19 19:17:00 GMT

The EUR/USD fundamental analysis is updated weekly. This is mainly derived from the recent major economic releases and news. The EUR/USD economic strength meter at the bottom shows the relative strength or weakness of the recent economic releases and news from the euro-zone and the U.S., which may affect the relative strength of euro versus U.S.

EUR/USD Daily Analysis - July 16, 2014

Written By : ForexAbode.com || 2014-07-16 02:09:46 GMT

Current Exchange Rate: 1.3554 at the time of analysis update. Intraday overall outlook: Bearish  EUR/USD not only broke the first level support of 1.3585 to a.3590 but also the 1.3564 support which was expected to limit any fall. This levels were indicated in yesterday's daily analysis as well as on the last weekend's outlook. The mentioned moves have brough in the bearish sentiments, at least for the short-term.

EUR/USD Daily Analysis - July 15, 2014

Written By : ForexAbode.com || 2014-07-15 02:25:03 GMT

Current Exchange Rate: 1.3619 at the time of analysis update. Intraday overall outlook: Up but initially neutral . After two attempts to sustain over the 55-day EMA failed, the pair recently tried that break again. Simultaneously the lows have been getting higher. Though the overall short-term outlook stays neutral for EUR/USD, till a break over 1.3650 takes place, but we do expect an upward breakout.

EUR/USD Weekly Outlook - July 14 to 18, 2014

Written By : ForexAbode.com || 2014-07-12 18:23:15 GMT

EUR/USD had touched the low of 1.3575, which was 10 pips lower than the previous week's low but then tried to recover to go as high as 1.3650. The upward momentum could not sustain the currency pair closed for the week at 1.3607 after hitting 1.3589. As we had indicated during the last weekend that a support should hold in the range of 1.3564 to 1.3575, we stay neutral for the downside. We still expect support to hold in that range.

EUR/USD Fundamental Analysis & Economic Strength Meter - July 12, 2014

Written By : ForexAbode.com || 2014-07-11 17:32:41 GMT

The EUR/USD fundamental analysis is updated weekly. This is mainly derived from the recent major economic releases and news. The EUR/USD economic strength meter at the bottom shows the relative strength or weakness of the recent economic releases and news from the euro-zone and the U.S., which may affect the relative strength of euro versus U.S.

EUR/USD Daily Analysis - July 11, 2014

Written By : ForexAbode.com || 2014-07-11 02:56:19 GMT

Current Exchange Rate: 1.3636 at the time of analysis update. Intraday overall outlook: Up but initially neutral . Our outlook for EUR/USD remains same as yesterday. The currency pair is running in sideways mode and though with the support held over the indicated 1.3565 to 1.3575 support zone and some gains were seenn from 1.3589, the resistance in the range of 1.3651 to 1.3664 is crucial.

EUR/USD Daily Analysis - July 10, 2014

Written By : ForexAbode.com || 2014-07-10 03:48:59 GMT

Current Exchange Rate: 1.3634 at the time of analysis update. Intraday overall outlook: but initially  Further gains towards 1.3680 or more can not be ruled out if the expected support holds between 1.3615 to 1.3620 range. However, considering the resistance near 1.3700, the initial outlook stays neutral and it is better to stay away.

EUR/USD Weekly Outlook - July 7 to 11, 2014

Written By : ForexAbode.com || 2014-07-05 18:34:48 GMT

EUR/USD could not sustain after touching 1.3700 and continued falling since then to touch 1.3585 before closing for the week at 1.3595. By touching 1.3700, the currency pair had completed the 38.2% retracement of the move from 1.3993 to 1.3503. This level comes as an obvious resistance to expect some correction. However, this resistance was further strengthened by the approaching 200-day moving average resistance.

EUR/USD Fundamentals and Economic Strength Meter - July 5, 2014

Written By : ForexAbode.com || 2014-07-04 19:22:13 GMT

The EUR/USD fundamentals are updated weekly. This is mainly derived from the recent major economic releases and news. The EUR/USD economic strength meter at the bottom shows the relative strength or weakness of the recent economic releases and news from the euro-zone and the U.S., which may affect the relative strength of euro versus U.S. dollar. EUR/USD - Recent Economic Releases Europe EUR: German Retail Sales (YoY): 1.9%.

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:
5+14

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