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 05, 2013

Written By : ForexAbode.com || 2013-10-05 00:00:00 GMT

Euro - U.S. Dollar (EUR/USD) had remained is a sideways mode with a resistance below 1.3568 and support over 1.3461 for 10 trading days. The pair, then, broke above the channel and went as high as 1.3646. Resistance was found ahead of the previous peak of 1.3711 and the pair fell to 1.3538 before closing for the week at 1.3557.

EUR/USD Weekly Outlook - Sep 20, 2013

Written By : ForexAbode.com || 2013-09-20 00:00:00 GMT

Euro - U.S. Dollar (EUR/USD) broke over 1.3452 very smoothly and went as high as 1.3568 before falling in a sideways range and closing for the week at 1.3525. We have been mentioning for past few weeks that sooner or later we expect a break over 1.3500. It came rather sooner. Euro zone had a positive growth of 0.3% in the GDP in the 2nd quarter after 6 quarters of negative growth and that fueled the positive sentiments for the euro.

EUR/USD Weekly Outlook - Sep 14, 2013

Written By : ForexAbode.com || 2013-09-14 00:00:00 GMT

Euro - U.S. Dollar (EUR/USD) broke over both 1.3189 and 1.3227 levels indicated by us during the last weekend and went as high as 1.3325 and remained in the volatile sideways mode during the last 3 trading days of the week. The currency pair closed for the week at 1.3295. The break of both the initial resistances mentioned during the last weekend had brought in the near-term bullish outlook in the picture for EUR/USD.

EUR/USD Weekly Outlook - Sep 08, 2013

Written By : ForexAbode.com || 2013-09-08 00:00:00 GMT

Euro - U.S. Dollar (EUR/USD) had broken the supports mentioned 2 weeks back and then the currency pair moved as we had indicated. The pair went as low as 1.3105 and then jumped up to 1.3189 before closing for the week at 1.3180. The recent support came just above 200-day moving average which is now at 1.3100. This level has another angle for the support and that is the approaching psychological 1.3000 ranges.

Misaligned Movement of GBP/USD and EUR/USD - Forex Chart Alert

Written By : forexabode || 2013-09-03 08:55:02 GMT

EUR/USD and GBP/USD generally have a very strong positive correlation. During the past one year it has been + 0.82. During past week it changed to -0.50. You may check it on our weekly update correlation tool pages i.e. EUR/USD correlation or GBP/USD correlation. This week the negative trend has become stronger.

EUR/USD Weekly Outlook - Aug 25, 2013

Written By : ForexAbode.com || 2013-08-25 00:00:00 GMT

Euro - U.S. Dollar (EUR/USD) broke over 1.3417 and went as high as 1.3452. The subsequent fall found strong support above 1.3260 which we had mentioned during the last weekend. The currency pair jumped from 1.3298 to rise to 1.3402 before closing for the week at 1.3382. The break above 1.3517 and then the support by the 55-day EMA have brought in the bullish outlook for EUR/USD.

EUR/USD Weekly Outlook - Aug 18, 2013

Written By : ForexAbode.com || 2013-08-18 00:00:00 GMT

Euro - U.S. Dollar (EUR/USD) found strong support at 1.3205 which was 27 pips below the 1.3232 level but 17 pips above the 1.3189 level mentioned by us during the last weekend. The currency pair then jumped strongly to 1.3379 before closing for the week at 1.3327.

EUR/USD: Federal budget balance can weaken USD

Written By : liteforex || 2013-08-12 11:53:38 GMT

EUR/USD: Federal budget balance can weaken USD 1. Current trend On the last trading day last week the American dollar slightly regained its positions: quotes of the pair EUR/USD fell by 60 points. This decline was caused by positive US macro-economic statistics.

EUR/USD Weekly Outlook - Aug 11, 2013

Written By : ForexAbode.com || 2013-08-11 00:00:00 GMT

Euro - U.S. Dollar (EUR/USD) found support at 1.3232 and moved up. The currency pair found resistance 10 pips above 1.3390 and 17 pips below the 1.3417 which we had indicated during last weekend. The fall took it to 1.3332 before the pair closed for the week at 1.3341. The strong upward jump had made the near-term bullish outlook stronger but the resistance below 1.3417, as was expected, raises the questions about further gains.

EUR/USD Weekly Outlook - Aug 04, 2013

Written By : ForexAbode.com || 2013-08-04 00:00:00 GMT

Euro - U.S. Dollar (EUR/USD) had broken over 1.3300 to go as high as 1.3345 but could not sustain and fell sharply to 1/3189. The support there was 23 pips above the support range mentioned by us during the last weekend. The gains from there took the currency pair to 1.3294 before the weekly closing at 1.3281.

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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