The Euro rode a wave of optimism to a hat-trick of gains over the Dollar last week and swung back into the black for 2020 in the process but it was halted on Friday by the 200-week moving-average and faces a correction lower over the coming days as the greenback recovers its footing. 

Short-term direction in EUR/USD is forecast to be choppy, however, the broader outlook remains consistent with further declines in the Euro.

The Euro's outlook against the U.S. Dollar has turned decidedly bearish of late leading us to expect further declines over the course of the coming week.

The Euro is likely to remain under pressure against the U.S. Dollar over coming days suggests our latest technical analysis on EUR/USD.

Our week ahead forecast for the Euro-Dollar exchange rate suggests the near-term outlook is constructive from a technical perspective, however movement in the currency pair could well be dictated by overall global investor appetite and a series of important economic data releases out of the Eurozone.

Euro-to-Dollar exchange rate outlook suggests further weakness in line with established downward-sloping channel.

The Euro-to-Dollar rate is set to begin trading Sunday around 1.1217 after falling more than half a percent in the previous week, although studies of the charts suggest the exchange rate is on course for further losses in the days ahead. 

The Euro-to-Dollar rate is expected to begin trading around 1.1299 Sunday after falling -0.2% during the previous week, although the exchange rate is likely to experience further losses over the coming days after economic data and price action on Friday undermined support for the single currency.

The Euro-to-Dollar rate is to begin trading around 1.1324 Sunday after rising one cent in the previous week, although with the market price having fallen below a key moving-average of late, the outlook is an uncertain one for the days ahead. 

The outlook for the single-currency against the U.S. Dollar is bearish and a break below the 1.1176 Thursday low would be ideal for confirmation of an extension down to a target at 1.1110.

A tough level of resistance lies in the way of the EUR/USD exchange rate's gentle short-term rally and we would not expect a major move until the meeting of the European Central Bank is concluded.

The technical outlook is marginally bullish after the pair pivoted higher following a false break below the lower border of a long-term channel, however the pair will be subject to some volatility over coming days as a slew of important U.S. economic readings are released.

The technical outlook for the Euro against the Dollar is marginally bearish however this week's price action could well take a cue from U.S. President Donald Trump's guidance on whether or not he will seek to hike tariffs on EU car imports.

 We are marginally bullish on the EUR/USD exchange rate after a key break above a long-term trendline - assuming the break holds in the week ahead.

Techical studies suggest the Euro-Dollar exchange rate should remain relatively bouyant but the outcome of Eurozone GDP data and the U.S. Federal Reserve's mid-week policy meeting could provide some volatility for the pair.

The technical picture is actually more bearish than it was at the start of the previous week. Despite temporarily piercing above the trendline drawn from off of the January 2018 highs, the exchange rate ultimately failed to break above it and declined in the week before.

EUR/USD has broken above a major trendline on a closing basis on the weekly chart, which is a strong bullish indicator for the pair, and biases the charts to indicating more upside in the week ahead.

The sideways trend in EUR/USD is likely to continue in the week ahead, although there are now also increasing risks that it could breakout more strongly in one direction or another.

The Euro-to-Dollar rate has been trapped within the 1.12-to-1.14 range for several weeks now and is expected to remain within these confines during the days ahead, although its bias is to the downside.

Overall we see a marginal bias to more EUR/USD upside in the week ahead, conditional, however, on a clear break above the 50-day moving average.