EUR USD Forecast: Euro Rising Amid Signs of US Inflation Peak

Technical, fundamental analysis, news background, general geopolitical situation in the world and other factors are taken into account. Saqib Iqbal is a market analyst, prop fund trader and mentor, serving the industry with his analysis and educational content since 2011. The author has great exposure to different financial markets and institutions. He’s well-known for his day trading reviews and multiple timeframe analysis.

67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. “We are approaching what I would call the ‘normalization range,’ which can be estimated at around 2%. We should reach this level by December,” French central bank governor, Francois Villeroy de Galhau, said in a speech at a financial conference in the Japanese capital on Tuesday.

hours forecast

Target values of the EUR/USD currency pair for Jun 2023. Target values of the EUR/USD currency pair for May 2023. Target values of the EUR/USD currency pair for Apr 2023. Target values of the EUR/USD currency pair for Feb 2023. Target values of the EUR/USD currency pair for Jan 2023.

This can be the intersection of the MACD lines on a weekly timeframe or the appearance of a reversal candlestick pattern. Nevertheless, the source doesn’t give chances to the pair again. By the end of the year, the euro will trade below $1 against the US dollar.

According to global macro models and the expectations of analysts’ from Trading Economics, the pair may trade at 1.09 by the end of March. However, if you compare the future rate to the previous one, you will see that the pair has been weakening. Enter trades after the expected growth is visible on the price chart and confirmed by a distinct signal.

They any how want to bring their currency on top and thus manipulating… Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances.

• In October, US producer prices rose less than anticipated, proving that inflation was beginning to decline.
• The Euro-Dollar pair is popular with traders because its constituents represent the two largest and most influential economies in the world.
• It is characterized by narrow stop-loss and take-profit orders, requiring a trader to spend a lot of time in front of a monitor and strict discipline, and is available even with a small deposit.
• This can be the intersection of the MACD lines on a weekly timeframe or the appearance of a reversal candlestick pattern.
• Still, the pair won’t be able to reach the highs of previous years.
• Target values of the EUR/USD currency pair for Oct 2023.

In 2023, the overall market trend is expected to be bullish. Still, the pair won’t be able to reach the highs of previous years. Expect at least one strong correction in the summer and late fall of 2022.

Euro / Dollar (EUR/USD) Forecast 2023 Monthly

The Economy Forecast Agency is still negative about the bright future of the EUR/USD pair. One source expects the pair to trade at the lows of 2002, while another one ZuluTrade Review sees the pair at the highs of 2014. Starting in April, expect a slow reversal of the price up. It will continue to move in this direction over the next three months.

The direction of EUR/USD may reflect the strength of either the EU or US economy. Moreover, the EUR to US dollar rate may reflect the overall global market sentiment. EUR/USD is the forex ticker that tells traders how many US Dollars are needed to buy a Euro.

Will EUR USD FX rate crash?

The EUR/USD rate is the ratio of the currencies of the two largest economies in the world – the EU and the USA. Therefore, important economic and political news from the EU and the US directly affect the euro-dollar rate. These, among other factors of influence, are called fundamental; CMC Markets: An Overview in addition to them, there are also technical ones. As the pair is widely traded, it may be hard to forecast its rate for the long term. The Euro/US dollar rate is subject to such factors as interest rate differences, inflation, jobs data, trade, and capital flows.

The Euro-Dollar pair is popular with traders because its constituents represent the two largest and most influential economies in the world. Follow real-time EUR/USD rates and improve your technical analysis with the interactive chart. Discover the factors that can influence the EUR/USD forecast and stay up to date Hammer Candlestick – Guide on how to use it with the latest EUR/USD news and analysis articles. However, the EUR/USD pair follows certain long-term trends. So, if you look at the price chart, you will notice the price repeats its actions over the long term. For short-term trades, you should check fundamental factors that usually affect the EUR/USD rate.

In terms of market sentiment, 2020 was a very illustrative year. Active trend – an essential technical factor for trading is the presence of an active trend. In an uptrend, purchases are preferable; in a downtrend, sales are recommended, in a sideways trend , trading in both directions from the boundaries of the price range is appropriate. The source sees a continuation of the bullish trend in 2025.

We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. The ECB will likely keep raising rates over 2% to tame high inflation. Coronavirus support was “suddenly” perceived as positive by the market. According to investors, the ECB showed it was doing everything it could to prevent companies from collapsing and safeguard employees’ jobs. A similar revision took place three months ago but in the opposite direction. When pharmaceutical company Pfizer released positive vaccine news in early November, the dollar fell in value due to the disappearance of the need for a safe haven.

In last month’s Euro Weekly Price Forecast I noted that EUR/USD was, “testing confluent resistance at the yearly downtrend- looking for a reaction here. The results of forecasts of the Euro / Dollar currency pair are presented below in the form of graphs, tables and text information. Today’s EUR/USD forecast is bullish as inflation peaks in the US. In October, US producer prices rose less than anticipated, proving that inflation was beginning to decline. The Labor Department said on Tuesday that the producer price index for final demand increased 0.2% last month.

News & Analysis

Target values of the EUR/USD currency pair for Oct 2023. Target values of the EUR/USD currency pair for Sep 2023. Target values of the EUR/USD currency pair for Aug 2023. Target values of the EUR/USD currency pair for Jul 2023.

Kurs-Chart für EURUSD in Echtzeit

Intraday – trading without carrying over the position to the next day. It is characterized by narrow stop-loss and take-profit orders, requiring a trader to spend a lot of time in front of a monitor and strict discipline, and is available even with a small deposit. For example, at the end of 2018, many market parties anticipated a weaker dollar, but in 2019 the dollar picked up with the US-Chinese trade war as a catalyst. That created a lot of uncertainty, causing capital to flow to safe havens like the dollar.