The EUR/USD forecast, based on technical and fundamental analysis until November 2024, shows a trend with several perspectives:
- **Technical Analysis**: The EUR/USD pair has shown volatile movements, with key support and resistance levels being constantly tested. Recently, the EUR/USD has been observed trying to break important resistances around $1.05884 and $1.05964, which could indicate a potential to reach levels like $1.06128 if these barriers are overcome. Some sources indicate that the pair could move towards $1.0650 or $1.0700, which could represent an opportunity for short or long trades depending on price action.
- **Fundamental Analysis**: Factors such as the monetary policy of the US Federal Reserve and the European Central Bank (ECB), along with geopolitical events, significantly influence the EUR/USD. Strengthening of the US dollar (USD) due to interest rate policies or the perception of security in times of global uncertainty could push EUR/USD lower. However, if the Eurozone economy shows signs of recovery or if there are expectations that the ECB will maintain a more aggressive policy compared to the Fed, this could support EUR against USD.
- **Long-Term Projections**: For 2024 and beyond, forecasts vary. Some sources mention that the pair could target levels like $1.02 or even lower, potentially reaching $0.86 based on Fibonacci analysis and chart patterns, while other analysis suggests that EUR/USD could find support at higher levels, such as $1.1000, and resistances at $1.1275, indicating a possible short-term uptrend if the latter level is broken.
- **Market Sentiment**: Social media posts and expert analysis reflect a mix of expectations. There are those who look for buying opportunities at support levels, waiting for a bounce, while others take a more cautious stance, watching technical barriers before taking positions.
In summary, the EUR/USD projection for 2024 suggests a volatile market with opportunities for both buyers and sellers, depending on how global economic and political events develop, and how key technical levels behave in the short and medium term.