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: 1.1600 defended for now

Last update: October 24, 2021

Starting from a local high at the beginning of the year, a correction to below 1.1750 formed. The subsequent interim recovery was characterized by an almost constant upward movement. However, in the recent course, the EURUSD has lost the supports above 1.1900.

After some easing of weakness since the break below the February low, the July high offered resistance to the price. The support of the July low was broken and in the further course also the low from November 2020 was undercut, whereupon a technical countermovement started. At the end of the week, the price can hold above the SMA20 and continues to run sideways.

EURUSD forecast - daily chart - recovering near above 1,1600
EUR/USD forecast: Possible Support around 2019 high (Chart: TradingView)

Resistance Levels: 1.1704 | 1.1751
Support Levels: 1.1602 | 1.1569 | 1.1495

Forecast: With the new intermediate low at 1.1524, the downtrend structure remains active. The counter-movement can continue to hold above the SMA20.

As long as the March low and the SMA50 cannot be regained, further weakness is to be expected.

EUR/USD Forecast: Weekly chart remains at risk

Last update: October 24, 2021

As a result of a progressive correction from the 2021 high, the EURUSD fell to a local low in March at 1.1704. After that, the price recovered and encountered resistance at the February high, from which it has fallen back sharply.

After the price slumped significantly and took out close supports, there was a new intermediate low at 1.1524 in the course of last week. The price is holding above the 1.1600 level and has tested the 2019 high on support.

EUR/USD forecast - Weekly chart stays at risk near 1.1600
EUR/USD forecast : Weekly chart stays endangered near 1.1600 (Chart: TradingView)

Resistance: 1.1704 | 1.2011
Support: 1.1602 | 1.1569 | 1.1495

Forecast: With the break below the low from November 2020, a trend reversal is emerging in the chart. Support for a countermovement could be found at the 1.1500 level, prices below which would also bring the low from the previous year at 1.0636 back into play in the big picture.

Euro-Dollar Forecast: October remains weak

Last update: October 24, 2021

Euro-Dollar forex pair shows a weak candlestick in March dropping below 1.1800 price levels. April was able to recover the losses. In the month of may, the strength could hold up reaching towards 1,2200 price levels. June has weakened and closed below the low from May.

The month of July initially continued this weakness, but then recovered from the monthly low to close at 1.1868. This slight recovery was eroded by August. After the month of September could not stabilize above 1.1600, the chart picture remains significantly weaker in the current October.

EUR/USD forecast - October remains weak
EUR/USD prediction : October looks weak around September low (Chart: TradingView)

Resistance Levels: 1.1876 | 1.2349 | 1.2555
Support: Levels: 1.1569

Euro-Dollar Forecast: The monthly chart of EUR/USD shows sidewas movement since the end of 2020. The run-up to the annual high from 2018 was aborted prematurely and the price has fallen back below 1.1600. The next significant support could be found at the cross of the trend lines at around 1.1150.

Should the price also fall below that, the focus will be on the low from 2020 at 1.0636 as a price target. This is probably the threshold between sideways movement and downward trend.

EUR/USD Prediction: Quarterly Chart shows sideways movement

Last update: October 24, 2021

Euro-Dollar forex pair is moving near the low of the previous candlestick at prices around 1.1644.

Euro-Dollar long term forecast quarterly chart with prices at around 1.1644
Euro-Dollar Outlook: Possible upside potential seems to fade (Chart: TradingView)

Resistance Levels: 1.1876 | 1.2555
Support Levels: 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: October 24, 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 timeframe @1.1644
EUR/USD historical chart: Possible Support at 2019 high (Chart: TradingView)

Resistance Levels: 1.1876 | 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 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.

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

  1. I have 100,000 Euros to invest. Is it wise to buy dollars now, with a few to switching back later at a more favourable dollar to euro rate?

    Reply
    • Hi Stanley,
      after the dip on friday was bought, I think there may be enough strenght to run up near 1,2270 again. Price action will show, whether it is possible to overcome resistance at this levels. You can watch the SMA20, too. It has shown support for the short-term trend movement. A significant break above the February high could release further strenght up to the highs from the beginning of the year.
      The week could start restrained due to the holiday.
      Sending you warm wishes on this day of remembrance,
      Chris from Kagels-Trading

      Reply
    • Hi Don, Thanks for the assessment, in the current update the EURUSD is even challenging the price mark at around 1.2100 – here, as the resistance in the analysis shows, a correction could now begin

      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
    • 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
        • Hi Brittany,
          comparing the current candle in the monthly chart we see a strong reversal pattern, but also in the quarterly chart more possible sideways action.
          Assuming movement patterns remain the same in the daily chart, this target could be reached in the third quarter of 2021, or by the end of January 2022 at the latest. Provided the price continues to run within the trend channel established since March 2020.

          Reply
          • Hello Karsten,
            Are you still positive re: the EURUSD moving close or beyond the 2018 high of 1.2500 by year-end or Jan 2022 at latest?
            Thanks so much.
            Best,
            Alice

          • Hi Alice, thank you for your comment. EURUSD is now at a very critical level. It is very hard to predict the next big move. But as long as 1,1660 holds, there are still chances for a stronger EURUSD. On the flip side, if EURUSD moves below 1,1660 then probabilities favor a continuation of the downtrend. Best 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

    Reply
  3. 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

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