Euro to Dollar Forecast

The Euro to Dollar exchange rate entered the new week on the front foot with help from a rallying Renminbi but would risk being frustrated in its recovery by a nearby thicket of technical resistances on the charts in the absence of a further significant setback for the Dollar over the coming days. 

Italy's UniCredit Bank is betting on a renaissance in the Euro through 2023, particularly against the Dollar and Swiss franc.

The Euro to Dollar exchange rate (EUR/USD) is being tipped to advance over the course of December, a traditionally strong month for this pair.

The Euro to Dollar exchange rate has benefited significantly from the final quarter's risk asset rally but its recovery has recently been stalled by technical resistances around 1.04 on the charts and could give way this week to losses that pull the single currency back toward 1.0303 or below in the days ahead.

EUR/USD short-term technicals positive, but some analysts see risks of a turn lower again.

Danske Bank is steadfast in its forecast that the Euro will move lower against the Dollar, taking it comfortably below parity during the course of the coming months.

The Euro has pushed to its highest level since the 1st of July on Tuesday, and further gains all the way to 1.10 cannot be ruled out says a major European bank.

EUR/USD could extend its near-term recovery over this coming week say analysts, although many remain of a view the market is witnessing a technical position clear-out and not necessarily the start of a long-term rebound.

Investors can expect the dollar surge to likely continue well into 2023.

The Euro to Dollar rate entered the new week on the front foot but may have scope to build on its recovery in the days ahead, with an approach of three-month highs around the 1.02 possible, if this week's U.S. inflation data encourages the recent correction in U.S. Dollar pairs to extend further.

Europe's single currency benefited from a widespread retreat by the U.S. Dollar ahead of the weekend but its depreciation is not yet over and could yet lead the Euro-Dollar rate to fresh lows in the months ahead, according to newly downgraded forecasts from Goldman Sachs and Rabobank.

This is a significant week for global FX, with the Federal Reserve's policy update on Wednesday followed by Friday's all-important U.S. jobs report.

Danske Bank lowers its forecast profile for EUR/USD saying the U.S. Dollar is yet to hit new highs and the Eurozone's trade shock is likely to persist.

HSBC has advocated a lower Euro trend for over a year and does not believe it is set to reverse yet.

Global Reach Group have released their latest pack of key Pound Sterling forecasts covering the remainder of 2022 and the first three quarters of 2023.

The Euro to Dollar exchange rate entered the new week on the back foot in a bearish market and may be at risk of falling back near to its late September lows in the days ahead unless data emerging from the U.S. economic calendar or some other factor is able to stall the ongoing rally in U.S. exchange rates.

It is too soon to call a pivot in the Euro to Dollar exchange rate (EUR/USD) say analysts, with one warning new lows will be gouged out over coming weeks.

The Euro to Dollar exchange rate has had little reason for cheer of late but there is a chance that it could benefit notably in the weeks ahead if the Peoples' Bank of China (PBoC) remains serious about stabilising a closely-correlated Renminbi heading into a highly important event in the Chinese political calendar. 

Analyst Fawad Razaqzada at City Index queries whether the EUR/USD recovery has legs or is again destined for failure.

The Euro to Dollar exchange rate opened the new week with a fall to a fresh two-decade low amid heightened volatility in international markets but faces a busy schedule of domestic data and event risk in the days ahead that will be instrumental in determining whether the single currency can recover its poise.