EUR/USD Forecast And Long Term Prediction (2020)

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

Last Update: July 30, 2020

Euro Dollar forecast of daily chart
Euro-Dollar forecast: long term downtrend line and 2006 low are mayor resitance

Resistance: 1.1826 | 1.1876 | 1.2042
Support: 1.1500

EUR/USD on the weekyl chart is moving in an established uptrend and has reached the long term downtrend line (red). Also Euro-Dollar ist now close to 2006 low at 1,1821 and 2010 low at 1.1876. All together this levels could be strong resistance.

Forecast: The weekly chart looks positive and an continuation of the last uptrend could happen. But first we want to see, if EUR/USD is strong enough to break the long term downtrend line.

EUR/USD Forecast: Weekly chart

Last Update: July 30, 2020

euro dollar forecast with weekly chart
EUR/USD forecast of weekly chart: Strong resistance area could prevent further price advance

Resistance: 1.1826 | 1.1876 | 1.2042
Support: 1.1500

EUR/USD on the weekyl chart is moving in an established uptrend and has reached the long term downtrend line (red). Also Euro-Dollar ist now close to 2006 low at 1,1821 and 2010 low at 1.1876. All together this levels could be strong resistance.

Forecast: The weekly chart looks positive and an continuation of the last uptrend could happen. But first we want to see, if EUR/USD is strong enough to break the long term downtrend line.

Euro-Dollar Forecast: Monthly chart

Last Update: July 30, 2020

Euro-Dollar-forecast-monthly-chart

Resistance: 1.1826 | 1.1876 | 1.2042
Support: 1.1500

Euro-Dollar forex pair has now reached mayor resistance levels which are: 2006 low at 1.1826, 2010 low at 1.1876, and long term down trend line.

Euro-Dollar Forecast: The monthly chart of EUR/USD looks neutral with strong resistance above 1.1800. We expect to see a continuation of the trading range below 1.1800. A break below July low at 1.1746 could turn this chart negative with more downside potential.

EUR/USD Prediction: Quarterly chart

Last Update: July 30, 2020

Price forecast of EUR/USD with quarterly chart
Euro-Dollar forecast: long term downtrend line is mayor resistance

Resistance: 1.1826 | 1.1876 | 1.2000
Support: 1.0879

Euro-Dollar forex pair has now reached mayor resistance levels which are: 2006 low at 1.1826, 2010 low at 1.1876, and long term down trend line.

EUR/USD Prediction: The quarterly chart of EUR/USD looks neutral with strong resistance above 1.1800. We expect to see a continuation of the trading range below 1.1800.

Euro/Dollar forecast: Yearly chart

Last Update: July 30, 2020

EUR/USD long term prediction of yearly chart
EUR/USD long term prediction: Mayor resistance at 1.1876 (2010 low) and downtrend line

Resistance: 1.1826 | 1.1876 | 1.200
Support: 1.0879

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. The last six years EUR/USD is moving sideways in a big trading range. The long term uptrend line is mayor support.

EUR/USD Prediction: The yearly chart of EUR/USD looks neutral with strong resistance above 1.1800. We expect to see a continuation of the trading range below 1.1800.

EURUSD forecast and longterm prediction 2020

The forex currency pair EUR/USD is approaching mayor resistance area between 1.1876 /1.2000. A break above this important price level could lead to more strength. But at the moment we prefer a more neutral position and see a continuation of the trading range of the last years between 1.1000 and 1.1900.

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.

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