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 - Jan 26, 2014

Written By : ForexAbode.com || 2014-01-26 00:00:00 GMT

EUR/USD Weekly Outlook And Predictions EUR/USD jumped up quite strongly after finding the support at 1.3507 and broke over the 1.3699 resistance to go as high as 1.3739 before closing for the week at 1.3633.   As we had mentioned in the FX Daily Dos" of January 21, 2014, the recovery indicated the following:   • The recovery came well ahead of retesting the low (1.

EUR/USD Weekly Outlook - Dec 29, 2013

Written By : ForexAbode.com || 2013-12-29 00:00:00 GMT

EUR/USD moved as we had indicated during the previous update and quoted above. The pair had found support 5 pips above the indicated range at 1.3625 and then after finding some resistance at 1.3811 broke over 1.3858 to go as high as 1.3894 before dropping down sharply to close for the week at 1.3749. The break over 1.3858 took EUR/USD to a 2 year high and this move also made the bullish sentiments stronger.

EUR/USD 2014 outlook - The pair is at two years high but is it done?

Written By : forexabode || 2013-12-28 02:19:04 GMT

EUR/USD has not only broke over the high of 2 years but also broke over the 61.8% retracement of the great fall from 1.4940 to 1.2041 by jumping to 1.3894. Though a strong resistance was witnessed before the pair could enter 1.3900 ranges and hence the psychological resistance territory of 1.4000 but this break strengthens the bullish outlook further.

EUR/USD Weekly Outlook - Dec 14, 2013

Written By : ForexAbode.com || 2013-12-14 00:00:00 GMT

EUR/USD moved as we had indicated during the last weekend. The pair even broke the resistance of 1.3785 to touch 1.3810 abut could not sustain and failed to test 1.3832 resistance. After some continuous resistance near 1.3800 the pair fell to 1.3709 before closing for the week at 1.3743. Our initial outlook is now neutral for EUR/USD. The failure to sustain above 1.3800 also indicates the possibilities of some more downward consolidation.

EUR/USD Weekly Outlook - Dec 07, 2013

Written By : ForexAbode.com || 2013-12-07 00:00:00 GMT

EUR/USD had gone down for some consolidation as indicated during the last weekend. The pair found support 31 pips below the support mentioned and rose from 1.3524 to break over 1.3688 and touched 1.3706 before closing very bullishly at the same level. The break over 1.3688/1.3690 clearly indicates that the strong bullish outlook.

EUR/USD Weekly Outlook - Nov 30, 2013

Written By : ForexAbode.com || 2013-11-30 00:00:00 GMT

EUR/USD went as high as 1.3621 before closing for the week at 1.3591. The break over the psychological ranges of 1.3500 to enter 1.3600 indicate the underlying bullish sentiments. However the loss of momentum after two failures at 1.3621 and the loss of momentum suggests the possibilities of some consolidation before another recovery. In our Forex Daily Dose of last Friday we had indicated a support at 1.3580.

EUR/USD Weekly Outlook - Nov 17, 2013

Written By : ForexAbode.com || 2013-11-17 00:00:00 GMT

EUR/USD moved up and touched 1.3506 before closing for the week at 1.3498. The recent price-action after the fall to 1.3294 can only be considered as consolidation as long as the resistance at 1.3547 holds. Our outlook for EUR/USD stays neutral initially. The first indication of a near-term bottoming will come if the pair manages a break over 1.3547.

EUR/USD Weekly Outlook - Nov 09, 2013

Written By : ForexAbode.com || 2013-11-09 00:00:00 GMT

E.R/USD fell sharply during past 2 weeks and failing each support moved as we had indicated 2 weeks back. The pair even broke below 1.3382 to go as low as 1.3294 before closing for the week at 1.3369. ECB's unexpected interest rate cut had aided the fall and the bearish sentiments for euro and on the other hand dollar found strength from a positive nonfarm report from the U.S..

EUR/USD Weekly Outlook - Oct 26, 2013

Written By : ForexAbode.com || 2013-10-26 00:00:00 GMT

Euro - U.S. Dollar (EUR/USD) had found support well over the 1.3620 level indicated by us during the last week and then the currency pair moved as high as 1.3832 before closing for the week at 1.3803. The break over 1.3711 was the highlight of last week. During the week of January 28th, 2013, EUR/USD had faced a very strong resistance at 1.3711 and the fall from there had taken it to 1.2745.

EUR/USD Weekly Outlook - Oct 19, 2013

Written By : ForexAbode.com || 2013-10-19 00:00:00 GMT

Euro - U.S. Dollar (EUR/USD) moved as we had indicated 2 weeks back and the currency pair moved as high as 1.3704 before falling in the sideways mode. The weekly closing was at 1.3686. The strong upward jump keeps the bullish outlook in place but the current price levels calls for the caution. During the week of January 28th, 2013, EUR/USD had faced a very strong resistance at 1.3711 and the fall from there had taken it to 1.2745.

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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