Euro to Dollar Forecast 30 days: Today, Tomorrow, Week (EUR/USD)

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Start Trading EUR/USD
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eToro - Best Broker to Trade EUR/USD

EUR/USD is the most popular currency pair among professional traders. Its standard features include higher than average volatility (average daily volatility is 80-100 pips), high liquidity, and narrow spread on ECN accounts. The highest trading volume is observed during the American and European sessions.

1

Recommendation for EUR/USD on the 15M timeframe is Strong Buy.

2

Recommendation for EUR/USD on the 1H timeframe is Strong Buy.

3

Recommendation for EUR/USD on the 1D timeframe is Sell.

Since 2000, EUR has been gradually growing against USD with an upward trend observed on the chart with frequent relatively deep rollbacks. In the period of 2008-2014, the EUR/USD price moved within a wide corridor between 1.10 and 1.39-1.48. This period was characterized by frequent changes in the price movement and a large amplitude. Since 2014, EUR price has been gradually declining, while maintaining high volatility. Will the downward trend continue in the future?


In our article, you will be able to learn the latest price forecasts and signals on the EUR/USD currency exchange rate for 1 hour-1 week. EUR/USD forecasts and signals are based on the technical analysis indicators.

NOTE!

On this page, you will find the latest information about current prices, updated and new forecasts for short and long-term intervals:

  • Asset quotes are updated every minute.
  • Price chart is updated every minute.
  • Technical indicator data is updated according to the time frame. For example, on M5, the data is updated every 5 minutes.
  • Medium and long-term forecasts are updated every hour.

EUR/USD forecast for 1 day, 1 week, 1 month

EUR/USD forecast by TU is prepared automatically on the basis of technical analysis of moving averages and indicators for each timeframe (interval) separately. Select the timeframe you need to find out EUR/USD price prediction for today.

NOTE!

Signals may differ on different timeframes. If you want to hold the EUR/USD for longer than 1 week/1 month, it is best to use the signals on daily and weekly timeframes. Timeframes from 5 minutes to 1 hour are best suitable for short-term transactions.

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Best Broker Recommended for Trading EUR/USD

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Best Broker Recommended for Holding EUR/USD

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Indicator Based Technical Analysis of EUR/USD

To find a better entry point, also find out what TradingView technical analysis tool signals for the Euro to US Dollar currency exchange rate. "Sell" or "Strong Sell" means that most of the signals are bearish. "Buy" or "Strong Buy" means that most of the signals are bullish. For short-term signals, it is recommended to use settings from 15 minutes to 2 hours. For long-term signals, it is recommended to use settings from 4 hours to 1 week.

EUR/USD Chart Online

What Influences EUR/USD Long-term Price Forecast

The USA and Europe are the largest open economies in the world. The two regions have close trade ties that determine the equilibrium of the balance of payments. Both regions are interested in maintaining a certain corridor of the price for supporting both importers and exporters. A strong drawdown of euro in recent months can be explained by two factors: internal problems of certain EU countries (high public debt, issues of the banking systems in Italy and Spain), as well as high dependence of the EU on the energies, which the Euro zone is experiencing problems with due to the geopolitical conflict.


Key factors impacting the EUR/USD price:

  • Macroeconomic statistics. The discount rate, inflation, level of unemployment, quantitative easing policy, public debt, etc. Releases of statements of central banks’ representatives, and information about the prospects of the monetary policy have a short-term impact.
  • Value of other assets. EUR/USD is seen by the US traders as a speculative asset. When the US stock indices are moving upwards, the money moves from the US dollar to the stock market.
  • Trade wars. Particularly the ongoing economic and political confrontation between the U.S. and China. Introduction of duties, sanctions between these two countries impacts the level of the U.S. import and export and therefore impacts the USD price. The EU is not involved in the trade wars.
  • Price of energy resources. The oil and gas price has an indirect impact on the price. The U.S. is one of the largest oil importers. At the same time, the country has plenty of its own resources unlike the energy-dependent Europe.

Institutional investors have a short-term impact on the price of the currencies.

Latest exchange rates online

Price prediction methodology

The following tools and instruments were used for making the prediction:


Basic instruments of technical analysis. The forecast relies on basic technical indicators. The analysis was performed mostly on medium and long-term time frames for more accurate results.

Chart analysis. Analysis comprises a review of key levels of support, resistance, trend lines, as well as patterns formed on different time frames.

Statistical tools help evaluate a probability of a fundamental factor that could impact the price, its nature and intensity of impact.

Methods of mathematical and statistical analysis; modeling, adaptive forecasting methods.

Expert opinions and consensus forecast.

NOTE!

This forecast is based on current information and data of previous periods. Emergence of strong fundamental factors capable of radically changing the overall market trend and subsequent price trend is possible. The forecasts are updated regularly based on the latest data.

This article is created for informational purposes only and does not constitute investment advice. Be aware of the high volatility of cryptocurrencies and consider these risks when making investment decisions.

FAQs

Is the EUR/USD pair suitable for novice traders?

Novice traders are recommended choosing a currency pair with lower volatility and a more predictable price forecast. The complexity of the price prediction in this case is that numerous factors from the U.S. and Europe have an impact on the EUR/USD price. You need to not only monitor all fundamental factors, but also assess which one of them (on the part of the U.S. or Europe) is stronger. You also need to monitor the difference between the actual statistics and the forecast.

What are the best strategies for trading EUR/USD?

Any strategy is good. Thanks to high liquidity and volatility, scalping and swing trading works well on EUR/USD. Relatively stable trend movements also allow you to earn on position trading. The pair also reacts well to macroeconomic statistics. One of the simplest strategies is trading on the M5-M15 interval based on the Non-Farm Payrolls statistics (a report on changes in the number of new jobs in the U.S.).

What indicators of technical analysis can be used by novice traders for trading EUR/USD?

Instrument combination options are as follows:

  • Trend indicators and oscillators. Trend indicator provides the main signal – crossing of the price and moving averages lines, divergence of the Alligator lines, etc. Signal-confirming oscillators include RSI, MACD, CCI, Stochastic.
  • Channel indicators – Bollinger Bands, Envelopes, Keltner channel, Darvas box.
  • Chart instruments – trading on the reversal patterns, breakout of the flat corridor, trading the trend line, support and resistance levels.

The recommended time frame for beginners is Н1.

What are the risks of trading EUR/USD?

Main risks:

  • An error in evaluating the importance of a fundamental factor.
  • Influence of market makers. EUR/USD is the most popular pair among short-term large speculators.
  • Underestimation of geopolitical risks.

The force majeure factor also has a strong impact on the price.