EURUSD Trading Forecast

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Broker!
    Perfect for beginners!
    Free Demo Account! Free Trading Education!

  • Binomo
    Binomo

    Only for experienced traders!

Contents

EUR/USD News (Euro US Dollar)

EUR/USD dips below amid coronavirus headlines, ahead of NFP

EUR/USD is trading below 1.08, extending its losses. Coronavirus cases exceed one million and deaths are above 50,000, more than half in Europe. US Non-Farm Payrolls for March are awaited.

Latest EURUSD News

EUR/USD: Attention is on the mid-February low at 1.0778 – Commerzbank

Eurozone final Services PMI crashes to 26.4, Italy at 17.4, EUR/USD pressured under 1.08

EUR/USD: Downside beyond 1.0800 – OCBC

Technical Overview

EUR/USD has lost more than 50% of the gain from 1.0640 to 1.1150, raising the chances that the rise was the correction and that new lows are on the cards. The currency pair is trading below the 50, 100, and 200 Simple Moving Averages, and the Relative Strength Index is above 30 – outside oversold conditions.

Support awaits at 1.0820, Thursday’s low, followed by 1.0750, which was a stepping stone on the way up. The 2020 trough of 1.0640 is critical support.

Resistance awaits at 1.09, which provided support earlier this week, and it is followed by 1.0970, which held it down around the same time. The next levels to watch are 1.1050 and 1.1090.

Fundamental Overview

Around half of global COVID-19 deaths are concentrated in Italy, Spain, and France – and that is only one of the factors erasing over 50% of late March’s gains.

1) Worrying coronavirus figures in Europe

While Italy has seen as a flattening of the curve – fewer deaths and new cases under control – Spain is setting records in mortalities on an almost daily basis. France, which counts only losses of lives in hospitals, is also seeing rising numbers. The three countries have 29,650 out of 53,146 global deaths.

Updates figures from Spain are due out in the European morning, followed by France and Italy.

2) No coronabonds

Leaders in the old continent remain at loggerheads over the economic relief for the crisis. The three countries and others are demanding “coronabonds” – issuing joint European debt. Germany is leading the opposite camp. Ursula von der Leyen, President of the European Commission, is looking for a compromise alongside the Eurogroup – European finance ministers.

However, without an immediate solution to the fast-evolving problem, the euro has room to the downside. Sapin reported a leap of 300,000 in jobless claims, allowing the first look into the economic carnage of coronavirus. Markit’s final Service Purchasing Managers’ Indexes will likely confirm the weakness.

3) When the US sneezes, the world catches a cold

Crossing the Atlantic, US Unemployment Claims also paint a grim picture. Requests for benefits have more than doubled to 6.648 in the week ending March 28 – beyond the worst estimates. Moreover, figures could have been even higher as some states struggled to process the flood of claims. The current level of applications represents an unemployment rate of roughly 10%.

The US dollar gained ground in response to the figures and remains the currency of choice in times of trouble. If the US struggles, the rest of the world suffers, and the dollar is demand.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Broker!
    Perfect for beginners!
    Free Demo Account! Free Trading Education!

  • Binomo
    Binomo

    Only for experienced traders!

The focus now shifts to the first coronavirus-impacted Non-Farm Payrolls report – yet it lags jobless claims by around two weeks. March’s labor market surveys were taken on the week including March 12. While it is unlikely to show the devastating destruction of jobs, a loss of 100,000 positions is on the cards. The figures could be a win-win for the dollar.

  • Nonfarm Payrolls Preview: Is the dollar’s fate sealed?
  • US Non-Farm Payrolls March preview: If it’s terrible, it’s expected, if it’s not, April will be

The ISM Non-Manufacturing PMI is due out after the NFP, but may still move markets. Services sectors all over the world have struggled more than the manufacturing sectors. Economists expect a sharp drop below 50 – reflecting contraction.

See: Non-Manufacturing PMI Preview: The disaster may be delayed. until April

What about the coronavirus situation in the US? It remains dire, with nearly a quarter of the million infections gripping the world’s largest economy. Nevertheless, the rapid spread of the disease in America may prove as another boost for the safe-haven greenback.

EUR/USD Forecast Poll

EUR/USD: Corrective rebound doesn’t change the doom picture

  • Coronavirus crisis continues to take its toll on global economic developments.
  • US employment sector in the spotlight in the form of Nonfarm Payroll report.
  • EUR/USD recovered from a fresh 2-year low, the risk still skewed to the downside.

Read Full Analysis

The FXStreet Forecast Poll about EUR/USD (Euro US Dollar) is a sentiment tool that highlights our selected experts’ near and medium term mood and calculates trends according to Friday’s 15:00 GMT price.

How to Read the Forecast Poll charts

Overview

This chart informs about the average forecast prices, and also how close (or far apart) sit the numbers from all participants surveyed that week. The bigger a bubble on the chart means more participants targeting a certain price level in that particular time horizon. This distribution also tells if there is unanimity (or disparity) among participants.

Each participant’s bias is calculated automatically based on the week’s close price and recent volatility. Drawing from those results, this chart calculates the distribution of bullish, bearish, and sideways forecast prices from all participants, informing about sentiment extremes, as well levels of indecision reflected in the number of “sideways”.

Averages

By displaying three central tendency measures (mean, median, and mode), you can know if the average forecast is being skewed by any outlier among the poll participants.

shifted price

In this chart, the close price is shifted behind so it corresponds to the date when the price for that week was forecasted. This enables the comparison between the average forecast price and the effective close price.

price change

This chart tracks the percentage change between the close prices. Bouts of volatility (or extreme flat volatility) can be then compared to the typical outcome expressed through the averages.

smooth average

This measure is basically an arithmetical average of the three central tendency measures (mean, median, and mode). It smooths the typical outcome eliminating any possible noise caused by outliers.

min/max

Together with the close price, this chart displays the minimum and maximum forecast prices collected among individual participants. The result is a price corridor, usually enveloping the weekly close price from above and below, and serves as a measure of volatility.

WHAT IS THE FORECAST POLL AND WHY TO USE IT?

The Forecast Poll is a sentiment tool that highlights near and medium-term price expectations from leading market experts. It is a sentiment indicator which delivers actionable price levels, not merely “mood” or “positioning” indications. Traders can check if there is unanimity among the surveyed experts – if there is excessive speculator sentiment driving a market – or if there are divergences among them. When sentiment is not at extremes, traders get actionable price targets to trade upon. When there is a deviation between actual market rate and value reflected in forecasted rate, there is usually an opportunity to enter the market.

You can also use the Outlook Poll for contrarian thinking strategies. Gonçalo Moreira, Research expert at FXStreet, explains: “People involuntarily follow the impulses of the crowd. Sentiment indicators, in turn, lead to ‘contrarian’ thinking. The Di helps traders detect sentiment extremes and thereby limit their eventual toxic herd behavior.” Read more on Contrarian Approaches with Sentiment indicators

HOW TO READ THE GRAPHS?

Besides the table with all participants’ individual predict, a graphic representation aggregates and visualizes the data: the Bullish/Bearish/Sideways line shows the percentage of our contributors on each of these outlook biases.

This graph is available for each time horizon (1 week, 1 month, 1 quarter). We also indicate the average price predict as well as the average bias.

2020 FORECAST FOR EUR/USD

In our EUR/USD Price Forecast 2020, our dedicated contributors expect the bearish trend to slow down during the year. By the end of the year 2020, the average outlook for the pair was 1,1186. Read more details about the forecast.

From July 2020 to Jan 2020, the maximum level for the EUR/USD (Euro US Dollar) was 1.1280 (on 10/08/19), and the minimum, 1.0896 (on 30/09/19).

MOST INFLUENTIAL POLITICAL EVENTS IN 2020 FOR EUR/USD

2020 should be the year of change or at least, the year when things begin to change. The recent trade deals hint some relief in the trade war front, hence in growth’s concerns. Economic developments and central banks’ decisions will motorize action throughout the first half of the year. In November 2020, the US will go to the polls. That grants a shaky year-end in the financial world. Will Trump be able to retain its chair?

BONDS THAT INFLUENCE THE MOST EUR/USD

Bonds whose moves can impact the EUR/USD: T-BOND 30y; T-NOTE 10y. This group also includes the following currency pairs: GBP/USD, USD/JPY, AUD/USD, NZD/USD, USD/CAD, EUR/GBP and USD/CHF

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.

Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.

EUR/USD Trading Forecast

Follow EURUSD Following EURUSD Unfollow EURUSD

EURUSD Forex Chart

Ideas

EURUSD On support line . Price need correction to fall. I recommend everyone to buy EURUSD and exit the resistance line deal

Please support this idea with LIKE if you find it useful. Price was rejected by Horizontal Resistance and Head & Shoulders pattern continued working out. Currently we are going to test the horizontal support. In case there is a confirmed breakout we can initiate a short position If price will test the horizontal resistance again, then we can initiate a short.

Hi friends, here my daily analytics for EUR/USD price. Reasons: – Price trades in Downward Channel – Price near support level 1.0830 – Current resistance level 1.0955 – To open long only after fake breakout of support level or other confirmation – Always do your own research before opening positions and always put SL If you have your own opinion or thoughts.

Tired of reading posts like ” I have got my analysis correct 8 times in a row/ 600 pips gain!”? Well, this might be a much-needed change. In this post, let us take a look at how we can sell EURUSD and gain some blue pips. Since EURUSD is in a downtrend, we are looking to sell and increase the chances of a profitable trade by more than 76%. However, we can just.

������HELLO, DEAR ������ How are you doing? I managed to gain a few kg, trading’s so nervous, isn’t it? ����haha. As for the dollar, I see, that it’s trying to fixed after forming of the head and shoulders. IMHO, we can expect a falldown. I advise short, but be careful. first goal 1.092. After that, is better to put stoploss. ��Remember, the main thing is not to be.

If impulse is complete, than the pullback may be a bit deeper. Anyway, after an impulse and a correction – another impulse is generally expected.

EURUSD hit our first 1.08575 Target as set on our previous trade: A new Channel Down has emerged on the 4H chart (RSI = 41.160, MACD = 0.000, ADX = 51.810) and is headed towards the 1.07850 symmetrical low (from March 25th). This is our new Target 1. The 1.06500 Target 2.

Upside move expected according chart pattern. ThankYou

Everything is clear for me. but :-) Its market Last analyse

Historic and uwful numbers are comming huge drop into dollar index.

EURUSD TRADING PLAN

Hey everyone, as you can see on the chart, EURUSD has a pretty big support below it and it is currently on the FIb 0.236 line. We are currently seeing lower volumes as well. To me, this signals that we will soon see it bounce off either from our support or the FIb Level, which is less likely in my view. You can also see that there is a Gann Fan on the chart.

Hello Traders ! Quick Update on EURUSD. I am now waiting for EURUSD to go up to the h4 Supply Zone. From there I consider to take short position with the daily Demand Zone as Take Profit area. That was my Idea and I hope liked it. Please leave a LIKE if you like my Content that I share with you. In the comment section you can tell me your view and ask.

This is my analysis on this pair. The ultimate target is as stated if the pattern works out. It will climb in waves and not just go straight up. But we have to respond to what the market does and not predict. So keep an open mind and watch out for price action when new HH’s are made.

Under that heading we publish signals of the indicator called “Ranger”. It was developed by our experts for intraday trading purposes. This indicator is based on statistical analysis of the data and provides information about possible maximum/minimum values of the day (just right after the day has started) with certain probabilities. What does this information.

��Short intro: I am full time trader – analyst * high accuracy of ideas * technicaly and fudnamentaly side in analysis, check link in signature of my Telegram group for more * ideas mosly based on my program readings * you can contact me for more infos about my work or for some kind of cooperation * comment if have any questions or want to send support ��Why.

The EUR/USD has put in a high by 23:00 UTC each day this week. Looking for a drop towards lower channel line or better.

Unemployment claim numbers coming out in a few hours!

Technicals

Profile

EUR USD (Euro / US Dollar)

The most traded currency pairs in the world are called “the Majors” and the EURUSD leads this group as the most traded pair in the world. This pair represents the world two largest economies and has faced most volatility since the inception of the euro in 1999.

EURUSD Outlook

Daily Pivots: (S1) 1.0797; (P) 1.0883; (R1) 1.0944; More…

Intraday bias in EUR/USD remains on the downside for retesting 1.0635 low. Decisive break there will confirm larger down trend resumption. On the upside, break of 1.0969 minor resistance will extend the corrective rise from 1.0635. Intraday bias will be turned back to the upside for 61.8% retracement of 1.1496 to 1.0635 at 1.1167.

In the bigger picture, as long as 1.1496 resistance holds, whole down trend from 1.2555 (2020 high) should still be in progress. Next target is 1.0339 (2020 low). However, sustained break of 1.1496 will argue that such down trend has completed. Rise from 1.0635 could then be seen as the third leg of the pattern from 1.0339. In this case, outlook will be turned bullish for retesting 1.2555.

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0900; (P) 1.0969; (R1) 1.1036; More…

Intraday bias in EUR/USD remains on the downside at this point. Corrective rebound from 1.0635 could have completed at 1.1147 already. Retest of 1.0635 low should be seen next. On the upside, however, decisive break of 61.8% retracement of 1.1496 to 1.0635 at 1.1167 will raise the chance of larger trend reversal and turn focus to 1.1496 key resistance.

In the bigger picture, as long as 1.1496 resistance holds, whole down trend from 1.2555 (2020 high) should still be in progress. Next target is 1.0339 (2020 low). However, sustained break of 1.1496 will argue that such down trend has completed. Rise from 1.0635 could then be seen as the third leg of the pattern from 1.0339. In this case, outlook will be turned bullish for retesting 1.2555.

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0900; (P) 1.0969; (R1) 1.1036; More…

Further decline is still mildly in favor in EUR/USD. Corrective rebound from 1.0635 could have completed at 1.1147 already. retest of 1.0635 low should be seen next. On the upside, however, decisive break of 61.8% retracement of 1.1496 to 1.0635 at 1.1167 will raise the chance of larger trend reversal and turn focus to 1.1496 key resistance.

In the bigger picture, as long as 1.1496 resistance holds, whole down trend from 1.2555 (2020 high) should still be in progress. Next target is 1.0339 (2020 low). However, sustained break of 1.1496 will argue that such down trend has completed. Rise from 1.0635 could then be seen as the third leg of the pattern from 1.0339. In this case, outlook will be turned bullish for retesting 1.2555.

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0957; (P) 1.1005; (R1) 1.1084; More…

EUR/USD’s from 1.1147 is extending today and intraday bias stays on the downside. Rebound from 1.0635 could have completed at 1.1147 already. Deeper fall is mildly in favor for retesting 1.0635 low. On the upside, however, decisive break of 61.8% retracement of 1.1496 to 1.0635 at 1.1167 will raise the chance of larger trend reversal and turn focus to 1.1496 key resistance.

In the bigger picture, as long as 1.1496 resistance holds, whole down trend from 1.2555 (2020 high) should still be in progress. Next target is 1.0339 (2020 low). However, sustained break of 1.1496 will argue that such down trend has completed. Rise from 1.0635 could then be seen as the third leg of the pattern from 1.0339. In this case, outlook will be turned bullish for retesting 1.2555.

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0957; (P) 1.1005; (R1) 1.1084; More…

Intraday bias in EUR/USD remains cautiously on the downside at this point. Rebound from 1.0635 could have completed at 1.1147 already. Deeper fall is mildly in favor for retesting 1.0635 low. On the upside, however, decisive break of 61.8% retracement of 1.1496 to 1.0635 at 1.1167 will raise the chance of larger trend reversal and turn focus to 1.1496 key resistance.

In the bigger picture, as long as 1.1496 resistance holds, whole down trend from 1.2555 (2020 high) should still be in progress. Next target is 1.0339 (2020 low). However, sustained break of 1.1496 will argue that such down trend has completed. Rise from 1.0635 could then be seen as the third leg of the pattern from 1.0339. In this case, outlook will be turned bullish for retesting 1.2555.

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0987; (P) 1.1065; (R1) 1.1121; More…

EUR/USD’s break of 1.0953 minor support suggests that corrective recovery from 1.0635 has completed. Intraday bias is turned back to the downside for retesting this low first. On the upside, however, decisive break of 61.8% retracement of 1.1496 to 1.0635 at 1.1167 will raise the chance of larger trend reversal and turn focus to 1.1496 key resistance.

In the bigger picture, as long as 1.1496 resistance holds, whole down trend from 1.2555 (2020 high) should still be in progress. Next target is 1.0339 (2020 low). However, sustained break of 1.1496 will argue that such down trend has completed. Rise from 1.0635 could then be seen as the third leg of the pattern from 1.0339. In this case, outlook will be turned bullish for retesting 1.2555.

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0987; (P) 1.1065; (R1) 1.1121; More…

Intraday bias in EUR/USD stays neutral at this point. On the upside, decisive break of 61.8% retracement of 1.1496 to 1.0635 at 1.1167 will raise the chance of larger trend reversal and turn focus to 1.1496 key resistance. On the downside, break of 1.0953 minor support will turn bias back to the downside for retesting 1.0635 low instead.

In the bigger picture, as long as 1.1496 resistance holds, whole down trend from 1.2555 (2020 high) should still be in progress. Next target is 1.0339 (2020 low). However, sustained break of 1.1496 will argue that such down trend has completed. Rise from 1.0635 could then be seen as the third leg of the pattern from 1.0339. In this case, outlook will be turned bullish for retesting 1.2555.

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.1016; (P) 1.1082; (R1) 1.1209; More…

Intraday bias in EUR/USD is turned neutral with 4 hour MACD crossed below signal line. On the upside, decisive break of 61.8% retracement of 1.1496 to 1.0635 at 1.1167 will raise the chance of larger trend reversal and turn focus to 1.1496 key resistance. On the downside, break of 1.0953 minor support will turn bias back to the downside for retesting 1.0635 low instead.

In the bigger picture, as long as 1.1496 resistance holds, whole down trend from 1.2555 (2020 high) should still be in progress. Next target is 1.0339 (2020 low). However, sustained break of 1.1496 will argue that such down trend has completed. Rise from 1.0635 could then be seen as the third leg of the pattern from 1.0339. In this case, outlook will be turned bullish for retesting 1.2555.

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.1016; (P) 1.1082; (R1) 1.1209; More…

Intraday bias in EUR/USD remains on the upside as rebound from 1.0635 is in progress. Decisive break of 61.8% retracement of 1.1496 to 1.0635 at 1.1167 will raise the chance of larger trend reversal and turn focus to 1.1496 key resistance. On the downside, break of 1.0953 minor support will turn bias back to the downside for retesting 1.0635 low instead.

In the bigger picture, as long as 1.1496 resistance holds, whole down trend from 1.2555 (2020 high) should still be in progress. Next target is 1.0339 (2020 low). However, sustained break of 1.1496 will argue that such down trend has completed. Rise from 1.0635 could then be seen as the third leg of the pattern from 1.0339. In this case, outlook will be turned bullish for retesting 1.2555.

EUR/USD Weekly Outlook

EUR/USD staged a strong rebound last week and hit as high as 1.1147. Initial bias stays on the upside this week with focus on 61.8% retracement of 1.1496 to 1.0635 at 1.1167. Sustained break there will raise the chance of larger trend reversal and turn focus to 1.1496 key resistance. On the downside,break of 1.0953 minor support will turn bias back to the downside for retesting 1.0635 low instead.

In the bigger picture, as long as 1.1496 resistance holds, whole down trend from 1.2555 (2020 high) should still be in progress. Next target is 1.0339 (2020 low). However, sustained break of 1.1496 will argue that such down trend has completed. Rise from 1.0635 could then be seen as the third leg of the pattern from 1.0339. In this case, outlook will be turned bullish for retesting 1.2555.

In the long term picture, outlook remains bearish for now. EUR/USD is held below decade long trend line that started from 1.6039 (2008 high). It was also rejected by 38.2% retracement of 1.6039 to 1.0339 at 1.2516 before. On break of 1.0339, next target will be 100% projection of 1.3993 to 1.0339 from 1.2555 at 0.8901.

EUR/USD Forecast March 30-April 3 – Euro Soars on Broad Dollar Weakness

EUR/USD daily chart with support and resistance lines on it. Click to enlarge:

  1. German Preliminary CPI: All Day. German inflation came in at 0.4% in February, matching the forecast. The estimate for the initial March reading stands at 0.0%.
  2. Spanish Flash CPI: Monday, 8:00. Consumer inflation in the eurozone’s fourth-largest economy slowed to 0.8% in February, down from 1.1% a month earlier. The downtrend is expected to continue in March with a forecast of 0.6%.
  3. French Consumer Spending: Tuesday, 6:45. Consumer spending fell sharply in January, with a decline of 1.1%, compared to -0.3% in December. Another weak reading is expected, with an estimate of -0.7%.
  4. Eurozone Inflation: Tuesday, 9:00. The final reading for January CPI came in 1.2%, confirming the initial estimate. The initial estimate for March stands at 0.8%.
  5. German Retail Sales: Wednesday, 7:00. Retail sales rebounded in January with a gain of 0.9%, after falling 3.3% in December. A small gain of 0.2% is projected for February.
  6. Manufacturing PMIs: Wednesday: 7:15 for Spain, 7:45 for Italy, final French figure at 7:50, final German one at 7:55, and final euro-zone number at 8:00. In the initial readings, France fell to 42.9, Germany slipped to 45.7 and the all-eurozone PMI slowed to 42.9 points. However, all three PMIs beat their estimates. The final readings are expected to confirm the initial releases.
  7. Services PMIs: Friday, 7:15 for Spain, 7:45 for Italy, final French figure at 7:50, final German one at 7:55, and final euro-zone number at 8:00. The services PMIs plunged in March – Germany fell to 34.5, France slowed to 29.0, while the all-eurozone PMI slipped to 28.4 points. All three readings point to sharp contraction and were well below expectations. The final readings are expected to conform to the initial releases.
  8. Eurozone Retail Sales: Friday, 9:00. Retail sales rebounded in January with a gain of 0.6%, after a decline of 1.6% in December. Analysts are braced for a weak gain of 0.1% in the upcoming release.

EUR/USD Technical analysis

Technical lines from top to bottom:

With EUR/USD posting sharp gains last week, we start at higher levels:

1.1435 was tested in resistance in mid-March.

1.1290 (mentioned last week) is next. is protecting the round number of 1.1300.

1.1119 is an immediate support level.

1.1025 has some breathing room in support.

1.0825 is the final support level for now.

I remain bearish on EUR/USD

The dollar continues to be a magnet for investors during the current crisis. Although the dollar did have an off-week due to a dismal jobless claims report, the outlook for the dollar remains positive.

    • GBP/USD forecast – Pound/dollar predictions
    • USD/JPY forecast – analysis for dollar/yen
    • AUD/USD forecast – the outlook for the Aussie dollar.
    • USD/CAD forecast – Canadian dollar predictions
    • Forex weekly forecast – Outlook for the major events of the week

EUR/USD Forecast, Technical Analysis, Outlook ► preview of the major events that move Euro/Dollar during the week. Here are some general data. Scroll down for the latest EUR/USD forecast.

EUR/USD characteristics

Euro/dollar is the world’s most popular currency pair for both retail and institutional traders. 19 European countries that vary quite a bit from each other share the single currency. The key countries are Germany, France, Italy and Spain. The US dollar is the reserve currency of the world.

A wide trade surplus, originating mostly from German exports, means that funds are flowing into the euro area. When markets are calm, this influx pushes the common currency higher. However, the eurozone has its share of economic and political issues and speculation takes its toll.

The euro debt crisis engulfed Greece, Portugal, Ireland, Italy, and Spain. While the worst may be behind us, it is always looming. The leadership of the European Central Bank and President Mario Draghi helped stabilize and even save the euro. His “whatever it takes” speech in July 2020″ was a turning point. The diverse countries are linked by a monetary union but not a fiscal one, and this remains the Achilles heel.

EUR//USD trading is often choppy, especially when it is confined to narrow ranges. When the pair is in trend, past technical lines, even those from 2003, are respected quite nicely. €/$ has a “good memory”.

EUR/USD recent moves

The euro-zone economies are growing at a robust pace in 2020. Unemployment is falling and even core inflation is finally rising albeit temporarily All this has led to optimism that sent the euro higher.

The ECB will halve bond-buys to 30 billion euros from January 2020. However, it left the door open to extending the QE program beyond September, and this hurt the euro. A weaker euro makes exports more attractive and pushes imported inflation higher. Draghi is happy with growth but worried about inflation.

The political uncertainty in Germany is becoming an issue after inconclusive elections in September. A fresh round of elections joins the crisis in Catalonia and the political instability in Italy.

In America, hopes for fiscal stimulus faded early in the year, but are now on the rise again, with Trump’s tax plan. The Federal Reserve has maintained its plan for three rates hikes in 2020 despite lower US inflation.

Latest weekly EUR/USD forecast

EUR/USD Forecast March 30-April 3 – Euro Soars on Broad Dollar Weakness

EUR/USD had an excellent week, climbing 4.6 percent and breaking above the 1.14 level. There…

EUR/USD Forecast March 23-27 – Euro Crumples as Greenback Sparkles

It was a dismal week for EUR/USD, which slipped 3.6 percent. The pair fell as…

EUR/USD Forecast March 16-20 – Euro Slips as Coronavirus Paralyzes Eurozone

It was a roller-coaster week for EUR/USD last week. The pair climbed close to the…

EUR/USD Forecast March 9-13 – Euro Jumps After Fed Rate Cut

EUR/USD posted strong gains for a second straight week. There are seven events in the…

EUR/USD Forecast March 2-6 – Euro Jumps Above 1.10

EUR/USD reversed directions and posted strong gains of 1.6%. There are six events in the…

EUR/USD Forecast February 24-28 -Euro Dips to Lowest Level Since April 2020

After sharp declines for two straight weeks, EUR/USD paused and had a quiet week. There…

EUR/USD Forecast February 17-21 – Euro Slides to 34-Month Low

EUR/USD slipped over 1 percent for a second straight week. There are eight events in…

EUR/USD Forecast February 10-14 – Euro Slides Below Key 1.10 Level

EUR/USD fell 1.3% last week, its sharpest weekly loss since August. There are five events…

EUR/USD Forecast February 3-7 – Fed Hint of Higher Rates Could Weigh on Euro

EUR/USD managed to record a winning week, its first in five weeks. There are nine…

EUR/USD Forecast Jan. 27-31 – Euro Falls to 7-Week Low

EUR/USD recorded a fourth straight losing week and fell close to the symbolic 1.10 level.…

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Broker!
    Perfect for beginners!
    Free Demo Account! Free Trading Education!

  • Binomo
    Binomo

    Only for experienced traders!

Like this post? Please share to your friends:
How To Choose Binary Options Broker
Leave a Reply

;-) :| :x :twisted: :smile: :shock: :sad: :roll: :razz: :oops: :o :mrgreen: :lol: :idea: :grin: :evil: :cry: :cool: :arrow: :???: :?: :!: