Forex EUR USD Forecast

Forex EUR USD Forecast - Daily published professional analytical forecasts for the main currency pair Market Forex: the EUR USD!

EURUSD: euro bulls aim to break out of 1.20. Technical Analysis of EUR/USD for April 15, 2021.

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The euro jumped 0.25% to 1.1978 on Wednesday, April 14. The price action rose to 1.1987 during the North American session. The gains were stoked by cross pair trading and a rally in the Australian and New Zealand dollars. Euro sentiment drew support from vaccine talk by European Commission President Ursula von der Leyen, while remarks by Fed Chair Powell also lent support.

EURUSD: euro awaits correction ahead of North American opening. Technical Analysis of EUR/USD for April 14, 2021.

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The EURUSD pair ended higher on Tuesday, April 13, advancing 0.31% to 1.1947. The rebound from 1.1877 followed publication of US March inflation data. The DXY and 10-year Treasury yields retreated in response to the report. As it turned out, inflation ran below 3%, allaying investor concerns that the Fed could taper its accommodative stance.

EURUSD: euro drifts near balance line. Technical Analysis of EUR/USD for April 12, 2021.

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Major currencies registered an uptick at the end of last week, except for sterling. The largest gains against the US dollar were seen in the Swiss franc (+1.81%). Smaller gains were notched up by the euro (+1.16%), the Japanese yen (+0.94%), the Canadian dollar (+0.42%), the Australian dollar (+0.13%) and the New Zealand dollar (+0.01%). Only the pound closed lower (-0.84%).

EURUSD: euro boosted by crosses ahead of European open. Technical Analysis of EUR/USD for April 01, 2021.

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The EURUSD paid closed higher on Wednesday, March 31, up 0.13% to 1.1730. The price action climbed to 1.1760 during the North American session, but buyers were forced to retreat to 1.1719 after French President Emmanuel Macron announced the imposition of a four-week nationwide lockdown in the country due to the spread of the UK coronavirus variant.

EURUSD: euro snaps back amid rising cross. Technical Analysis of EUR/USD for March 26, 2021.

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The EURUSD pair traded to the downside on Thursday, March 25 (-0.41% at 1.1762). The euro slipped on concerns over the third wave of Covid-19 across Europe and the extension of lockdowns in a number of countries until April. The single currency came under additional pressure from broad-based gains in the US dollar as players were reluctant to buy into risk-sensitive assets.

EURUSD: euro battered by new lockdowns. Technical Analysis of EUR/USD for March 24, 2021.

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The EURUSD pair logged losses on Tuesday, March 23, slipping 0.70% to 1.1848. Yesterday’s trading session turned out to be unusual. The dollar moved higher across the board, including Asian trading, as 10-year US treasury yields pulled back to 1.59%. The US fixed income market has lent support to the dollar for several weeks, and when yields began to decline, investors quickly shifted their attention to other events.

EURUSD: euro attempts to pare morning losses. Technical Analysis of EUR/USD for March 22, 2021.

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The EURUSD pair logged losses on Friday, March 19, down 0.11% to 1.1901. The single currency rose to 1.1937 after the European open amid retreating 10-year UST yields. However, when the US10Y rebounded from 1.671% to 1.74%, the euro sank to a low of 1.1884. There was no market-moving news, so the North American fixed income market exerted a powerful impact on the FX market.

EURUSD: euro firms after Powell’s press briefing. Technical Analysis of EUR/USD for March 18, 2021.

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The EURUSD pair ended lower on Wednesday, March 17, with a decline in the dollar index. The euro rose 0.64% against the US dollar to 1.1978. The price action was in the range of 1.1886-1.1917 before the press conference of Federal Reserve Chairman Jerome Powell. After his speech, the greenback retreated sharply across the board, with the euro strengthening to 1.1985.

EURUSD: euro dragged lower by sterling. Technical Analysis of EUR/USD for March 17, 2021.

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The EURUSD pair landed in the red On Tuesday, March 16, shedding 0.19% to 1.1901. The euro fell to 1.1914 during the Asian session. The single currency dropped in tandem with the British pound, but decreased less against the dollar. Sterling retreated after the European Commission filed a lawsuit against the UK for allegedly breaching the Brexit agreement protocol on Northern Ireland.

EURUSD: euro hovers near balance line at 1.1925. Technical Analysis of EUR/USD for March 16, 2021.

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The EURUSD pair logged losses on Monday, March 15, down 0.21% at 1.1924. The decline gathered momentum during the Asian session. Upside in the dollar faded as Treasury yields corrected lower. The euro was range-bound (1.1910-1.1940) during European and North American trading.

EURUSD: UST yields push the greenback higher. Technical Analysis of EUR/USD for March 15, 2021.

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Nearly all major currencies closed the week higher against the US dollar. The best performance was delivered by the Canadian dollar (+1.42%). Smaller gains were seen in the Australian dollar (+1.02%), the British pound (+0.58%), the euro (+0.36%), the New Zealand dollar (+0.23%), and the Swiss franc (+0.08%). Only the Japanese yen fell against the dollar (-0.61%).

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