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- Based on the analysis of these factors, expert analysts and big banks forecast that the EUR/USD exchange rate could trade in the range of 1.20 to 1.30 in 2024. This prediction takes into account the potential for economic recovery in the Eurozone, the ECB's supportive monetary policies, and the Fed's response to inflationary pressures.
www.dukascopy.com/swiss/english/marketwatch/articles/euro-to-dollar-forecast/Euro to Dollar (EUR/USD) Forecast, Chart & Price Predictions ...
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Will the Euro keep growing in 2023?
2 days ago · The key elements that have the greatest impact on the EURUSD forecast in 2024 and longer term: Eurozone economic recovery. Moderate economic growth is expected in the Eurozone. According to the International Monetary Fund (IMF), growth in 2024 is projected to be 0.9%, rising to 1.5% in 2025.
The euro (EUR) has remained in a narrow trading range against the US dollar (USD) for much of 2023, with UBS analysts predicting that this trend may persist into the entire 2024.
Aug 28, 2024 · As we approach the end of 2024, expert analysts and major financial institutions are closely monitoring the EUR/USD currency pair, with predictions hinging on several key factors.
- Highlights and Key Points
- EURUSD Characteristic Features
- O/Dollar Weekly Price Forecast as of 14.10.2024
- EURUSD Rate Forecast For 2024 – Experts Predictions
- EURUSD Technical Analysis
- Long-Term EURUSD Technical Analysis For 2024–2025
- Long-Term Trading Plan For EURUSD
- EURUSD Rate Forecast For 2025 – Experts Predictions
- Long-Term EURUSD Predictions For 2026–2027
- Factors That Can Affect The EURUSD Rate
In the short term, the pair may correct to the support levels near 1.1107 and 1.1125. If the rate remains above these supports, EURUSD quotes will likely start increasing again.In the medium term, one may consider long positions on the correction at the September low of 1.1000, as well as at the Ichimoku cloud, which is pointing to an uptrend.The long-term trend is upward. Therefore, the rate is expected to soar until the end of 2024. The growth target is the 2023 high in the area of 1.1275. If the price consolidates above this level, t...LongForecast and PandaForecast analysts believe that the price may keep growing in 2024 and 2025.The EURUSDis a major currency pair on Forex, known for its high liquidity. This is not a surprise as it includes the world’s two major reserve currencies. Most Forex trades are made in EURUSD, comprising about 20% of the total volume. The EURUSD rate serves as an indicator that compares the US and EU economies. If the US economy steadily grows and ...
The eurois maintaining its medium-term uptrend. Last week, the price failed to breach the key support 1.0962 - 1.0936 and remained below this zone. Therefore, this week, one may consider long trades with the first target of 1.1075 and the second one of 1.1214. If the asset pierces the support (B) 1.0962 - 1.0936 this week, the uptrend will reverse....
The majority of analysts concur that the EURUSD exchange rate will continue to appreciate throughout the remainder of 2024, reaching fresh yearly highs. Moderate growth with minor corrections is expected. However, WalletInvestor experts have a more pessimistic outlook, projecting a slight decline in quotes to 1.1040.
Let's examine the daily chart of the EUR/USD pair to get an insight into the general picture of the market. The analysis takes into account the key support and resistance levels and employs the Pivot Point indicator and moving averages. From a technical analysis perspective, the EURUSD currency pair is trading in a long-term uptrend, as evidenced b...
In order to conduct a long-term technical analysis, it would be advisable to examine the weekly chart and apply the Ichimoku indicator, in addition to key support and resistancelevels. Following a significant decline that concluded in September 2022, the trading instrument entered a correction phase. As part of the correction in January-March 2023,...
Let's draw up a long-term trading plan for the EURUSD pair. 1. According to the conducted technical analysis, the EUR/USD pair is maintaining an uptrend. 2. During the short-term uptrend, consider buying the euro at the nearest support levels of 1.1140 and 1.1108 with the target at 1.1200. 3. When planning to trade over the next three months, an op...
The prevailing view among analysts is that the EURUSD exchange rate will strengthen in 2025. The most optimistic forecast indicates that the pair will close the year at 1.2133. However, despite anticipating growth, Long Forecast experts do not discount the possibility of a correction to 1.1260 by the end of 2025. Meanwhile, analysts at WalletInvest...
Analysts believe that the euro will smoothly decline against the US dollar in 2026–2027. However, experts differ in their opinion about the pace of the projected decline. By December 2027, the EURUSD price is expected to range between 1.0250 and 1.0300.
The EURUSD exchange rate is the ratio of the EU and US currencies, the two largest economies in the world. Therefore, significant economic and political news from the EU and the US directly affect the EURUSD exchange rate. These factors of influence are called fundamental. Additionally, there are technical factors. Let's examine both types in more ...
- Jana Kane
Aug 26, 2024 · This rally has pushed the EUR/USD exchange rate to heights not seen in over a year. At the start of the week, the euro traded around 1.1170 against the greenback, down slightly by 0.1% after ...
Jan 2, 2024 · Bank of America also predicts EUR/USD will reach 1.15 by the end of 2024. Despite expectations of weak Eurozone growth, the currency pair is expected to strengthen due to Fed rate cuts. It...
Dec 25, 2023 · They anticipate the rate will rise to 1.1200 by June 2024, then decrease to 1.0800 by March 2025. ING economists calculate that in the second half of 2024, the EUR/USD rate will still be rising...
