When markets are calm, this influx pushes the common currency higher. However, the eurozone has its share of economic and political issues and speculation takes its toll. While the worst may be behind us, it is always looming. The diverse countries are linked by a monetary union but not a fiscal one, and this remains the Achilles heel. When the pair is in trend, past technical lines, even those from , are respected quite nicely.

The euro-zone economies are growing at a robust pace in Unemployment is falling and even core inflation is finally rising albeit temporarily All this has led to optimism that sent the euro higher. The ECB will halve bond-buys to 30 billion euros from January However, it left the door open to extending the QE program beyond September, and this hurt the euro.

A weaker euro makes exports more attractive and pushes imported inflation higher.

Euro - Dollar Chart

Draghi is happy with growth but worried about inflation. The political uncertainty in Germany is becoming an issue after inconclusive elections in September. A fresh round of elections joins the crisis in Catalonia and the political instability in Italy. The Federal Reserve has maintained its plan for three rates hikes in despite lower US inflation.

14 days Euro / United States Dollar currency rate prediction

There are three events on the calendar…. There are eight events on the calendar,….

By Kenny Fisher on Mar 28, Yellen spoke about the follow-up stimulus, which she said will be paid by higher taxes. Powell acknowledged that inflation would likely increase but that it would be temporary, and that the Fed would not raise interest rates. Durable goods disappointed with a sharp decline of 1.

GDP for Q4 of was revised upwards from 4. As well, unemployment claims fell to thousand, marking a 1-year low. This key inflation gauge ticked lower to 0.

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The downturn is expected to continue in March, with a forecast of 0. French Consumer Spending : Wednesday, Consumer spending declined by 4. The forecast for February stands at 0. Inflation Report : Wednesday, Euro-Dollar forex pair is moving in the range of the previous candlestick at prices around 1, A correction within the price range of the previous candle is underway, which may lead to sideways action.

If we look at the yearly chart of the EURUSD currency pair, we see a long-term downtrend that originated at the high at 1. The long term uptrend line is mayor support which was successfully testet with the low. We expect to see sideways action below the high at 1. Common European currency was introduced in Euro currency in cash entered into circulation 3 years later — in Before that, the non-cash Euro and German marks, French francs, and other European currencies in cash were in circulation simultaneously.

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?

EUR/USD (EURUSD=X)

Let us know in the comments below. Are we likely to see parity or even lower level?! Hi William, thank you for your comment. But I will try to give you a helpful answer:.

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In this case sooner or later we could see parity or even lower levels. And yes, this could then happen into April That is enough time for this bearish case. On the other hand, if we see a price advance above 1, in the next weeks or months, then we have to consider a more bullish case with more upside potential until 1, or even higher. Thank you! Kind regards, Tanja. So I think, prices will tend to stay below this level. But honestly, I can not give you a prediction for April-June It looks for me like something between 1.

The long term outlook has improved very much in the last months. My idea is we will see 1. Hm, at the moment not really in the cards for April Hello Karsten… We almost come to level of 1. Thank tou. Based on what? Thank you. So, probabilities favour a continuation of the ongoing trend.

EUR/USD Forecast (Euro to Dollar), News & Analysis

Next major price target could be the high of year at 1. PLease let me know if you have more questions. That is a very kind offer. I will let you know when I need help from your tarrot cards.