EUR/USD: Medium term outlook bearish − FXStreet

EURUSD chart

The medium term outlook remains bullish for the USD vs the EUR, notes Vaeria Bednarik, Chief Analyst at FXStreet.


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Current Trading Positions

EURUSD Order Entry SL TP
RoboForex SHORT LMT @1.0864 1.1072 1.0620
USDJPY Order Entry SL TP
AceTrader LONG LMT @119.18 118.33 120.17
GBPUSD Order Entry SL TP
RoboForex SELL LMT @1.4893 1.5025 1.4404
EURGBP Order Entry SL TP
Growth Aces BUY LMT @0.7250 0.7135 0.7450
EURCHF Order Entry SL TP
Growth Aces LONG LMT @1.0570 1.0400 1.0990

Dollar still the favorite, the EUR doomed

Pair Average levels
1 Week 1 Month 1 Quarter
EURUSD 1.0767 1.0754 1.0479
GBPUSD 1.4821 1.4814 1.4673
USDJPY 119.11 120.05 121.91
USDCHF 0.9712 0.9862 1.0054
AUDUSD 0.7748 0.7716 0.7548
Pair Average levels
1 Week 1 Month 1 Quarter
USDCAD 1.2553 1.2643 1.2806
NZDUSD 0.7550 0.7457 0.7280
GBPJPY 176.29 177.87 180.68
EURJPY 129.13 129.22 128.80
EURGBP 0.7283 0.7236 0.7187

EUR/USD bearish sentiment returned: despite flirting with 1.1000, our poll sees the EUR resuming its decline towards 1.0500.

GBP/USD more declines expected: repeated failure at 1.5000 increases the downward risk, with the pair now seen closer to 1.4600 in a 3-month view.

USD/JPY bulls are back: after a week of weakening expectations, an overwhelming majority now looks for a recovery in USD/JPY towards the 122.00 area.

AUD/USD heading to fresh year lows: With a rate cut around the corner, investors are betting on a additional declines in the Aussie, eyeing 0.7500.

EUR/JPY no definitions still: a pretty mixed outlook in the cross, keeps it range bound around current levels, with a slightly higher selling interest.

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Most Traded Pairs Now

Pair Price Hour Day Week Month
USDJPY 119.30 0.06 0.17 -0.61 -0.28
USDCAD 1.2600 -0.03 0.01 0.38 0.78
EURUSD 1.0883 -0.05 -0.18 0.57 -2.75
AUDUSD 0.7735 -0.05 -0.31 -0.50 -1.04
GBPUSD 1.4884 -0.09 0.06 -0.50 -3.59