Euro to Dollar Forecast: 1.0588 in Three Months

The Euro to Dollar exchange rate (EUR/USD) will be in focus as traders wonder whether Friday’s breakdown below the 200-day average was a temporary move or one that has legs.

The Euro to Dollar exchange rate risks further losses this week as the technical setup breaks down, and it will only be on Friday when a potential market-shifting U.S. PCE inflation figure is released.

The Euro's rebound against the Dollar appears to have run its course and downside impulses are expected during the coming week, particularly if Wednesday's Federal Reserve decision proves hawkish.

Analysts at SEB, the Scandinavian lender and investment bank, say we are approaching the time for a EUR/USD breakout to lower levels.

The Euro to Dollar exchange rate remains set on an upward path, according to a new analysis from UOB.

EUR/USD failure on Friday a potential warning signal that recent rally could be due to fade.

ING has analysed different scenarios ahead of this week's European Central Bank (ECB) announcement, assessing potential implications for the Euro to Dollar exchange rate (EUR/USD).

The Euro to Dollar exchange rate is relatively well supported as it approaches Thursday's European Central Bank decision and a pivotal U.S. jobs report on Friday.

The Euro will fall against the Dollar as the European Central Bank (ECB) engages a faster and deeper interest rate cutting cycle to plug a yawning output gap in the Eurozone, according to Morgan Stanley.

EUR/USD can see near-term strength, month-end USD selling could offer tactical opportunities.

U.S. growth exceptionalism and China's pessimism should keep the USD well supported against the Euro in the first half of 2024, says Lombard Odier.

The Euro to Dollar exchange rate has found solid support at 1.07 and we hold an upside bias for the coming five days with the potential for a positive PMI surprise informing this stance.

The EUR/USD broke below yet another key support area around 1.0720 to 1.0755, where it had previously found strong support back in December and, to a much lesser degree, on a couple of occasions earlier this month.

The Euro to Dollar exchange rate is on course to hit the 1.04 mark, according to analysis that follows the USD's jump in the wake of U.S. inflation data for January.

The Euro to Dollar exchange rate has been under pressure in 2024 but is unlikely to break below 1.0723 in the coming week unless we receive a blow-out U.S. inflation report.

The Euro endured its worst January performance since 2015 after declining by 2.2% against the U.S. dollar, yet further losses are likely, according to leading investment banks.

Euro-Dollar is trending lower and the balance of probabilities favours another weekly loss for the exchange rate as markets factor in a delayed start to the Federal Reserve's interest rate cutting cycle.

EUR/USD under pressure near-term, but solid support could frustrate further weakness.

The Euro to Dollar exchange rate looks vulnerable to further declines over the coming days, with attention falling on the European Central Bank interest rate decision and the release of a key inflation gauge in the U.S.

Despite the calmer conditions in the stock market, the selling pressure on the EUR/USD has resumed, writes Fawad Razaqzada, Market Analyst at City Index.