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: Daily chart picture showing uptrend

Last Update: January 16, 2021

EUR/USD is moving in an established uptrend, now testing support around 2012 low as we can see in the Daily chart.

EURUSD Forecast of Daily Chart moving in an established uptrend
Euro-Dollar forecast: in an uptrend getting support around 2012 low (Chart: TradingView)

Resistance Levels:  1.2154 | 1.2555
Support Levels: 1.2042

Forecast: The daily chart looks bullish and we could expect a continuation of the uptrend. Minor resistance around 1.2150 was recently cleared and is now testet for support. Next major price target is the 2018 high at 1.2555. Minor support is 1.2000. Only a drop below 1.1800 could turn this positive outlook to neutral.

EUR/USD Forecast: Weekly chart shows more upside potential

Last Update: January 16, 2021

EUR/USD on the weekly chart is moving in an established uptrend and trading above the September high.

EUR/USD forecast weekly chart in established uptrend
EUR/USD forecast : Established uptrend on weekly chart (Chart: TradingView)

Resistance:  1.2555
Support: 1.2011

Forecast: On the weekly chart we could expect support above the 1.2000 levels. Only a drop below the 2016 high at 1.1616 could turn this positive outlook to neutral or negative. A possible diagonal resistance prints now around 1,2400.

Euro-Dollar Forecast: Monthly chart firming support around 1,2000

Last Update: January 09, 2021

Euro-Dollar forex pair shows a defined uptrend after crossing the long term downtrend line and psychological level of 1.2000.

EUR/USD prediction : More upside potential on the monthly chart
EUR/USD prediction : Next price target 2018 high? (Chart: TradingView)

Resistance Levels: 1.2555
Support: Levels 1.2011

Euro-Dollar Forecast: The monthly chart of EUR/USD looks positive. We expect more strength with a possible price advance to the 1.2555 level. Only a drop below the 2016 high at 1.1616 could turn this positive outlook to neutral or negative.

EUR/USD Prediction: Quarterly Chart shows upside potential

Last Update: January 09, 2021

Euro-Dollar forex pair has now crossed major resistance level 2012 low at 1.2042, and long term down trend line.

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

Resistance Levels: 1.2555
Support Levels: 1.1616

EUR/USD Prediction: The quarterly chart of EUR/USD looks positive and more upside potential is possible. Next major price target could be the 2018 high at 1.2555. Only a drop below the 2016 high at 1.1616 could turn this positive outlook to neutral or negative.

Euro/Dollar Forecast: Yearly chart (Historical chart)

Last Update: January 09, 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 yearly candlesticks
EUR/USD historical chart: Next price target could be 2018 high (Chart: TradingView)

Resistance Levels:  1.2555
Support Levels: 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 a price advance to 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.

8 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

    1. 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

      1. Hello Karsten,
        Would you please give me your prediction EUR/USD price level going into April- Jun 2021? Thank you! Kind regards, Tanja

        1. 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

    2. 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

  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

    1. 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

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