Hello, . I can help you with the prediction of the EUR/USD price in English sources. According to the web search results, the EUR/USD price is expected to decline in the short term, as the US dollar is supported by higher inflation and interest rate expectations, while the euro is weighed down by a weaker economic outlook and a dovish ECB. However, some sources suggest that the EUR/USD could recover in the medium to long term, as the US dollar is overvalued and the euro is undervalued in real terms.
Here are some of the key points from the web search results:
- The EUR/USD fell sharply during Q3, dropping to 2023 lows around 1.05, after 11 consecutive bearish weeks. The Fed is either done or nearly done raising interest rates, but the full impact of rate hikes on the financial sector may still be coming in Q4. ECB seems at the end of the hiking road and could look to start cutting interest rates, exerting more pressure on the EUR. The latest institutional Euro to Dollar forecasts are revised lower with parity on the cards if oil prices keep going up during Q4. ²
- EUR/USD is moving in a strong correction from the January high. From the low at the end of March, the price could recover and is now dealing with a possible resistance at the low from February 2021. The charts used are from TradingView and the prices are from FXCM. ⁴
- EUR/USD is trading on the back foot below 1.0850 in early European trading on Thursday. Markets remain risk-averse, assessing the Fed interest rate expectations, helping the safe-haven US Dollar stay afloat. However, the downside appears limited amid falling US Treasury bond yields. ECB- and Fed-speak is in focus. ¹
- Euro traders eye Federal Reserve insights as August’s core CPI hints at a 4.3% YoY rise, while Germany’s ZEW Index boosts EUR/USD optimism at 11.4. ⁵
- Target values of the EUR/USD currency pair as of 10-15-2023. The weighted average target price of the Euro/Dollar currency pair as of 10-15-2023: 1.0454. A negative trend is expected with a possible volatility of 4.091%. Optimistic target level: 1.0719 Pessimistic target level: 1.0281 ³
I hope this information is useful for you. If you have any other questions, please ask. 😊.
Source: Conversation with Bing, 11/17/2023
(1) Euro to Dollar (EUR/USD) Forecast & Price Predictions November 2023 .... capex.com/en/overvie...sd-price-prediction.
(2) EUR/USD Long Term Prediction | Investing.com. www.investing.com/an...rediction-200572665.
(3) EUR USD Forecast, News and Analysis (Euro and US Dollar) - FXStreet. www.fxstreet.com/currencies/eurusd.
(4) EUR/USD Prices Forecast: Weaker as Tension Rises Ahead of Key US .... www.fxempire.com/for...lation-data-1373994.
(5) EURUSD Price Predictions for October 24 & Daily & Weekly Forecast: 22 .... allforecast.com/forex/EURUSD/.
(6) en.wikipedia.org. en.wikipedia.org/wiki/Euro.
Here are some of the key points from the web search results:
- The EUR/USD fell sharply during Q3, dropping to 2023 lows around 1.05, after 11 consecutive bearish weeks. The Fed is either done or nearly done raising interest rates, but the full impact of rate hikes on the financial sector may still be coming in Q4. ECB seems at the end of the hiking road and could look to start cutting interest rates, exerting more pressure on the EUR. The latest institutional Euro to Dollar forecasts are revised lower with parity on the cards if oil prices keep going up during Q4. ²
- EUR/USD is moving in a strong correction from the January high. From the low at the end of March, the price could recover and is now dealing with a possible resistance at the low from February 2021. The charts used are from TradingView and the prices are from FXCM. ⁴
- EUR/USD is trading on the back foot below 1.0850 in early European trading on Thursday. Markets remain risk-averse, assessing the Fed interest rate expectations, helping the safe-haven US Dollar stay afloat. However, the downside appears limited amid falling US Treasury bond yields. ECB- and Fed-speak is in focus. ¹
- Euro traders eye Federal Reserve insights as August’s core CPI hints at a 4.3% YoY rise, while Germany’s ZEW Index boosts EUR/USD optimism at 11.4. ⁵
- Target values of the EUR/USD currency pair as of 10-15-2023. The weighted average target price of the Euro/Dollar currency pair as of 10-15-2023: 1.0454. A negative trend is expected with a possible volatility of 4.091%. Optimistic target level: 1.0719 Pessimistic target level: 1.0281 ³
I hope this information is useful for you. If you have any other questions, please ask. 😊.
Source: Conversation with Bing, 11/17/2023
(1) Euro to Dollar (EUR/USD) Forecast & Price Predictions November 2023 .... capex.com/en/overvie...sd-price-prediction.
(2) EUR/USD Long Term Prediction | Investing.com. www.investing.com/an...rediction-200572665.
(3) EUR USD Forecast, News and Analysis (Euro and US Dollar) - FXStreet. www.fxstreet.com/currencies/eurusd.
(4) EUR/USD Prices Forecast: Weaker as Tension Rises Ahead of Key US .... www.fxempire.com/for...lation-data-1373994.
(5) EURUSD Price Predictions for October 24 & Daily & Weekly Forecast: 22 .... allforecast.com/forex/EURUSD/.
(6) en.wikipedia.org. en.wikipedia.org/wiki/Euro.
