EUR/USD Forecast, Long Term Prediction, Outlook (2021)

The Euro to US Dollar (EUR/USD) exchange rate is one of the world’s most traded currency pairings.

In this article we make a Euro/US-Dollar forecast and longterm price prediction. We would like to give an assessment of the future price development of EUR/USD. We look at all important time frames like the daily, weekly and monthly chart, but also the long term charts for EURUSD, which are the quarterly and yearly charts. The basis of our analysis is the Price Action and Technical Chart Analysis.

The charts used are from TradingView and the prices are from FXCM.

EUR/USD Forecast: Price recovers above February low

Last update: April 18, 2021

EUR/USD is moving in a strong correction from the January high. From the low at the end of March, the price could recover and is now dealing with a possible resistance at the high from September’20.

EUR/USD forecast based on daily chart with prices around 1.1981
EUR/USD forecast : Daily chart recovers above February low (Chart: TradingView)

Resistance Levels: 1.2011 | 1.2154 | 1.2349
Support Levels: 1.1952 | 1.1876 | 1.1704

Forecast: The daily chart shows downside action. With prices above 1.1800 the chart looks neutral. We expect to see a broad sideways phase, as long as prices stay above the support area at 1.1600.

In turn, a breach of the 1.20 level could release further upside potential and improve the outlook.

EUR/USD Forecast: Recovery in the weekly chart aims at the September high

Last update: April 18, 2021

As a result of a progressive correction from the 2021 high, the EURUSD fell to a local low at 1.1704. Last week, the price recovered up to the mark of the September’20 high.

EUR/USD forecast weekly chart recovers near 1.1980
EUR/USD forecast : Short-term uptrend on weekly chart stays under pressure (Chart: TradingView)

Resistance: 1.2011 | 1.2555
Support: 1.1876 | 1.1569

Forecast: On the weekly chart the focus is now on the current level of resistance at the high from September 2020. Should the price be able to recover above this level, expectations remain positive. A drop below 1.1600 could turn the neutral to positive outlook into negative.

Euro-Dollar Forecast: Monthly chart remains in the range of the previous candle

Last update: April 18, 2021

Euro-Dollar forex pair shows a weak candlestick in March dropping below 1.1800 price levels. April started positive and is quoted at around the 2010 low.

EUR/USD prediction : The positive outlook could be fading
EUR/USD prediction : Sideways for the time being (Chart: TradingView)

Resistance Levels: 1.2042 | 1.2555
Support: Levels: 1.1876 | 1.1569

Euro-Dollar Forecast: The monthly chart of EUR/USD shows weakness. A return above the 1.2000 area could turn the neutral outlook positive again. A drop below the 2019 high at 1.1569 would flip the neutral chart picture to negative.

EUR/USD Prediction: Quarterly Chart shows upside potential

Last update: April 18, 2021

Euro-Dollar forex pair is moving in the range of the previous candlestick at prices around 1.981.

Euro-Dollar long term forecast quarterly chart
Euro-Dollar Outlook: Possible upside potential (Chart: TradingView)

Resistance Levels: 1.2555
Support Levels: 1.1876 | 1.1569

EUR/USD Prediction: The quarterly chart of EUR/USD looks positive after breaking above the long term resistance line. A correction within the price range of the previous candle is underway, which may lead to sideways action. A drop below the 2019 high at 1.1569 could turn the neutral chart picture to negative.

Euro/Dollar Forecast: Yearly chart (Historical chart)

Last update: April 18, 2021

If we look at the yearly chart of the EURUSD currency pair, we see a long-term downtrend that originated at the 2008 high at 1.6038. This could be terminated, because in the last six years EUR/USD is moving sideways in a big trading range. The long term uptrend line is mayor support which was successfully testet with the 2020 low.

EUR/USD historical chart by yearly candlesticks
EUR/USD historical chart: Next price target could be 2018 high (Chart: TradingView)

Resistance Levels: 1.2555
Support Levels: 1.1876 | 1.1570

EUR/USD Prediction: The yearly chart of EUR/USD looks neutral to slightly positive with strong support at 1.1570 (2019 high). We expect to see sideways action below the 2018 high at 1.2555.

What is the current price of EURUSD ?

The current price of EURUSD you can see here.

About EUR/USD

The Currency Pair EUR/USD is the shortened term for the euro against U.S. dollar pair, or cross for the currencies of the European Union (EU) and the United States (USD). … For example, if the pair is trading at 1.10, it means it takes 1.1 U.S. dollars to buy 1 euro.

Common European currency was introduced in 1999. Euro currency in cash entered into circulation 3 years later – in 2002. Before that, the non-cash Euro and German marks, French francs, and other European currencies in cash were in circulation simultaneously.

When introducing Euro in January, 1999, the European Central Bank fixed its exchange rate against the US Dollar as 1.1743 dollars for 1 Euro. 

*This price prediction is based on the data collected from various sources. This should not be considered as an investing parameter and user should do their own research before investing.

Do you think our predictions are accurate? What are your thoughts on the methods used to reach our conclusions? Let us know in the comments below.

14 thoughts on “EUR/USD Forecast, Long Term Prediction, Outlook (2021)”

  1. Hey Karsten, how do you see the EUR/USD price level going into April 2022?!
    Are we likely to see parity or even lower level?!

    Best regards,
    William

    Reply
    • Hi William, thank you for your comment. That’s a good question, and of course nobody could know the future price level for sure. But I will try to give you a helpful answer:

      I think that EUR/USD could trade weaker as long as the strong resistance zone of 1,1850/1,2100 holds.
      In this case sooner or later we could see parity or even lower levels. And yes, this could then happen into April 2022. That is enough time for this bearish case.

      On the other hand, if we see a price advance above 1,2100 in the next weeks or months, then we have to consider a more bullish case with more upside potential until 1,2550 or even higher.

      I hope these considerations could help you.

      Best regards
      Karsten

      Reply
        • Hello Tanja,

          Thank you for your question.

          EUR/USD has strong resistance around 1.2000 level. So I think, prices will tend to stay below this level. But honestly, I can not give you a prediction for April-June 2021. It looks for me like something between 1.1500 /1.1200 could be a reasonable estimation.

          My best, Karsten

          Reply
    • Hi William,
      thank you for your comment.
      I don’t know where we could see EUR/USD into April 2022. The long term outlook has improved very much in the last months. But still EUR/USD is not 100 % bullish long term.
      My idea is we will see 1.2500 in the next year.
      Parity? Hm, at the moment not really in the cards for April 2020.

      Sorry, I could not be more precise with my expectations.
      Regards,
      Karsten

      Reply
  2. Hello Karsten…
    We almost come to level of 1.2116, what is your opinion on what is goin on in 2021 in 6 or 12 months to come..?
    Thank tou

    Reply
    • Hi Jake,
      EURUSD shows an established uptrend on the Daily and Weekly Chart, and a defined uptrend on the Monthly Chart. So, probabilities favour a continuation of the ongoing trend. Next major price target could be the high of year 2018 at 1.25555. I think there is a 70 % probability that this outlook will happen. PLease let me know if you have more questions. Karsten

      Reply
    • Hello Grey, thank you for your comment.

      It looks like EURUSD might continue the current downtrend. Next target could be the November low at 1,1603. Our analysis remains bearish for EUR/USD as long the market does not trade above 1,2000.

      If you have more questions, please let us know. Best, Karsten

      Reply

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