The EURUSD Long Term Forecast
If you want to invest in the eurusd, you need to know what the long-term forecast is for the currency. In this article, we will give you a detailed outlook of the currency's future. You will learn how it will perform in the short-term, as well as its overall trend. We will also discuss its current price and average price for the period.
The long term forecast for EUR/USD shows the pair to experience a bearish trend in July 2025. It could end up near the 1.00 mark. However, it may bottom out before a quick recovery begins. This is why investors should keep a close eye on the latest trends and fundamental factors.
Recent US Dollar strength has likely dropped off with an improvement in risk sentiment. However, this is not a sign that the euro is overly strong. In fact, it indicates that the US is in a stronger relative economic position than Europe. However, the euro has climbed against the dollar, gaining 0.7 per cent. In addition, the rate hike by the ECB helped boost the euro's value.
The euro's reversal of two bearish trading sessions last week signals the beginning of a new bullish phase. A bullish bounce would confirm an inverted head and shoulders pattern.
Although a break of resistance could revive the trend, the euro is also expected to stay above its long-term moving averages. A break above the 200-day MA would confirm a bullish breakout.
On the other hand, a breakdown below the lower band of the descending channel would indicate that the bulls are losing control of the market. Bears will target potential pullback profits at around 1.0094.
The euro has broken out of a long-term falling channel and is currently testing a key support zone. An extended rebound profit of 1.0397 could be possible, but it is still too early to gauge whether this is a sustained trend.
Nonetheless, the euro continues to outpace the US in terms of inflation and trade volume. The ECB is also expected to continue hiking rates in 2023. Nevertheless, a slowing economy in the US could limit the gains of pro-cyclical currencies.
Average price for the period
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Current price
The current price of the euro is currently pegged at a not-so-distant 1.064, up from the 1.060 level seen on the last market day. This might be good news for Europeans who have been hoarding euros for some time. A Euro to US Dollar exchange rate of this level is hardly a shock to the system as the European economy has been growing faster than the rest of the world for a few years now.
In particular, the currency has benefited from a host of stimulus measures in recent months, including the European Central Bank (ECB) raising its interest rates by 50 basis points (bps) last week. In short, the Euro to US Dollar exchange rate has improved by about a third since its 2008 lows. Among the reasons are a stronger economy, a more hawkish ECB, and a less frenzied Fed.
However, the real story lies in the euro's long-term prospects. A more stable and resurgent euro will likely lead to a stronger Euro to US Dollar exchange rate in the coming year. As a result, savvy foreign exchange traders are scouting for opportunities in the European continent. With the ECB about to normalize its monetary policy, and a few new entrants in the fray like Finland and Ireland, there are plenty of opportunities for those with the appetite for risk. That being said, if you are looking for a one-stop shop for your trading needs, you might want to consider using a professional forex broker.
Olga Steiner
https://financeworld.io/!!!Trading Signals And Hedge Fund Asset Management Expert!!! --- Olga is an expert in the financial market, the stock market, and she also advises businessmen on all financial issues.