EUR to INR Forecast for 2024, 2025-2026 and Beyond

2024.03.05 2024.03.05
EUR to INR Forecast for 2024, 2025-2026 and Beyond

Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/

Delving into the intricate world of currency exchange, the EUR to INR forecast for 2024, extending to 2025-2026 and beyond, presents a fascinating study. This period is marked by a dynamic interplay of economic forces, geopolitical shifts, and market trends, all of which contribute to the fluid nature of the Euro to Indian Rupee exchange rate. With the global economy constantly evolving, the question arises, “Are EUR to INR prices expected to go up or down?” 

This forecast aims to decode the patterns and tendencies of this exchange rate, considering various influencing factors such as economic policies, trade relations, and regional stability. As readers embark on this exploration, they can anticipate a detailed and insightful analysis that answers this pivotal question and provides a comprehensive outlook on the future trajectory of the EUR to INR exchange rate.

Main takeaways: EUR to INR Forecast 2024-2030

• For 2024, analysts predict a price range of 88.46- 96 INR, with a gradual appreciation of the Euro against the Rupee (WalletInvestor). The average year-end forecast is 92-94 INR.

• In 2025, forecasts indicate the EUR/INR rate may reach 93-103 INR, with further Euro strengthening anticipated (LongForecast). However, some volatility is expected.

• Predictions that are longer-term to 2026-2030 suggest a continued modest upside trend for the Euro. However, the INR may see periods of recovery. The 2030 forecast high is 99 INR (LongForecast).

• Key drivers like inflation and India’s deficits could weaken the Rupee, benefiting the Euro. However, global uncertainty and potential instability in India could spur volatility.

EUR INR Price Today Coming Days and Week

When analyzing the price of EUR/INR (Euro to Indian Rupee) for the short term, consider these technical analysis tools:

• Moving Averages: Use short-term moving averages, such as the 5-day and 10-day, to track the current trend direction. Look for crossovers of these averages as potential indicators for buying or selling opportunities.

• Relative Strength Index (RSI): The RSI is useful for identifying overbought (above 70) or oversold (below 30) conditions, suggesting potential reversal points in the currency pair’s price movement.

• MACD (Moving Average Convergence Divergence): Observe the MACD for shifts in momentum, particularly when the MACD line crosses above or below the signal line, indicating potential trading opportunities.

• Bollinger Bands: Bollinger Bands can offer insights into market volatility. When the price touches or breaches the bands, it might indicate an overextended market condition, potentially leading to a reversal.

• Fibonacci Retracements: Apply Fibonacci levels to identify potential support and resistance areas based on previous price movements. These levels can serve as targets or reversal points in the short term.

• Candlestick Patterns: Look for specific candlestick patterns (e.g., hammers, engulfing patterns, dojis) that may suggest short-term price movements and trader sentiment.

• Stochastic Oscillator: This momentum indicator can help confirm potential trend reversals by identifying overbought or oversold conditions, offering additional insights alongside the RSI.

When forecasting the weekly price of EUR/INR (Euro to Indian Rupee), consider these important factors:

• Economic Indicators: Monitor key economic data releases from the Eurozone and India, such as inflation rates, GDP growth, industrial production, and trade balances. These indicators can significantly influence the relative strength of each currency.

• Central Bank Policies: Stay informed about policy decisions and statements from the European Central Bank (ECB) and the Reserve Bank of India (RBI). Interest rate changes, monetary policy updates, and economic outlooks can impact the EUR/INR exchange rate.

• Market Sentiment: Assess overall market sentiment and risk appetite. Global economic news, geopolitical events, and financial market trends can influence investor behavior and currency movements, including EUR/INR.

• Technical Analysis: Utilize technical analysis tools such as Moving Averages to gauge trend directions, RSI for identifying overbought or oversold conditions, and MACD for momentum shifts. Also, consider key support and resistance levels that might influence price movements.

• Currency Market Dynamics: Pay attention to the broader currency market dynamics, including the performance of the Euro and the Rupee against other major currencies. Strength or weakness in these currencies can provide insights into EUR/INR trends.

• Political Developments: Be aware of any significant political events or developments in the Eurozone and India, as political stability or uncertainty can affect investor confidence and currency strength.

• Trade and Investment Flows: Consider the impact of trade and investment flows between the Eurozone and India, as well as any changes in trade policies or economic partnerships that could affect the demand for EUR and INR.

By taking these factors into account, you can gain a more comprehensive view of the potential price movement of EUR/INR over the coming week.

Below is the EURINR exchange rate chart for all time. As you can see, the pair has moderate volatility, which allows traders to make a profit on daily price fluctuations.

Analysts’ EUR INR Projections for 2024

Let’s find out expert EURINR forecasts for 2024. Most experts do not expect the price to rise rapidly.

Price Range for 2024: 88.46 – 96.04.

LongForecast’s 2024 Forecast for EUR INR Stock Price

Longforecast.com foresees a volatile year for the EUR to INR exchange rate in 2024. Starting at 91.82 INR in January and dipping to 90.63 INR, it fluctuates throughout the year. The forecast anticipates a peak of 94.62 INR in December, suggesting significant variations with both growth and decline periods.

WalletInvestor’s 2024 Forecast for EUR INR Price

Walletinvestor.com predicts a modest upward trend in the EUR to INR exchange rate for 2024. The rate starts at 90.82 INR on January 12 and is expected to rise gradually, with key monthly forecasts showing a slight increase by December. The trend analysis suggests a stable yet gently rising pattern throughout the year.

EUR to INR Technical Analysis

Technical analysis of EURINR requires a careful approach to the selection of timeframes and analytical tools. It is recommended to use timeframes from an hour to one day for short-term forecasts, and for long-term forecasts, weekly and monthly charts are suitable.

Popular technical analysis tools that identify trends are moving averages such as SMA and EMA. The RSI and Stochastic are popular for assessing overbought or oversold market states. Support and resistance levels are used to identify potential price pivot points.

Such indicators as MACD and Bollinger Bands are useful in determining the point when a trend and volatility will change. Particular attention should be paid to the Engulfing and Dojicandlestick patterns. They can also signal possible trend reversals.

EURINR Forecast For Next Three Months

The EURINR forecast for the next three months is based on long-term trends.

If we look at the price history of the EURINR pair over the past decades, we will see a constant trend of weakening of the Indian rupee against the euro.

By studying the monthly timeframe, you can see two cycles. The first is multi-year, where the price moves in a wide upward corridor, marked red in the chart. This movement pattern has been going on for more than 20 years, so it will be very difficult to break it.

During this cycle, the EURINR exchange rate has been trading at the upper boundary of the channel for a long time, which means that the probability of movement to the lower boundary is relatively high.

The local channel is marked in green. Within this framework, the price is at the lower limit, which means that in the short term, an increase in the exchange rate is still possible. The upward movement of the price will be greatly slowed down due to its proximity to the historical high of 92.66 INR.

Long-Term EURINR Technical Analysis and Forecast for 2024

According to the analysis, the most likely long-term scenario is an attempt to retest historical highs in the zone of 92-93 INR. Considering the speed and slope of price movement, the price can reach this target in May-June. Further, in the second half of 2024, most likely, there will be a continuation of the global cycle or rather the phase of strengthening of the rupee. The correction target is at the level of 81.80-85-50 INR per euro at the lower border of the wide Fibonacci channel.

Considering the slope and speed of movement in the weekly timeframe, the correction target and the bottom of the cycle can be expected until mid-2025. The estimated trading range by month is shown in the table below for your convenience.

Long-Term Trading Plan for EURINR

Considering all of the above, you can consider a trading plan for the next three months to trade with an uptrend.

You can open a long position at current levels of around 89 INR per euro. The stop loss should be put below local lows. For example, I have marked it at 88.75 INR, but you must determine it yourself, taking into account your risk management strategy. Personally, I would not recommend allowing losses of more than 1% of the deposit per trade.

The first take profit target is around 90.69. It must be set in such a way that the potential profit covers the potential loss in case the position is closed with a stop loss. The final trade target is 92.47 INR. There, you can exit a trade with the profits.

As for a trading plan for the next 12 months, I suggest waiting until the price reaches 92-92.50 INR and entering a short trade with a one-year horizon. 

A stop loss level here should be set at a safe distance above historical highs. For example, I marked a stop loss level with the red line in the chart at 93.01 INR.

Take-profit levels are set according to the same principle as for a long position. The first target is the most likely – at around 90.38 INR. The profit should cover possible losses if something goes wrong and the price reverses. The target for closing the position is around 83 INR. According to the timing, the price should reach it in 6 to 12 months. You’ll have to be patient.

Primary trading plan

A step-by-step trading plan for the main scenario is below: 

• trading horizon — from 2 to 5 months;

• trading strategy — trading with the uptrend;

• order type — long;

• entry level — 89 INR;

• take profit levels: 90,69, and 92.47 INR;

• stop loss levels  — 88.75 or lower.

Alternative trading plan 

Below is the trading plan for an alternative scenario: 

• trading horizon — from 5 to 12 months;

• trading strategy — trading with a downtrend;

• order type — short;

• entry level — 92-92,50 INR;

• take profit levels: 90.38 and 88.75 INR;

• stop loss levels  — 93.01 or higher.

Analysts’ EUR INR Projections for 2025

What will the EURINR rate be in 2025? Let’s find out expert forecasts.

WalletInvestor’s 2025 Forecast for EUR INR Price

The forecast for 2025 shows a fluctuating EUR to INR exchange rate. It starts at 92.109 in January, dips to a low of 90.975 in February, then gradually rises to a peak of 93.113 in August before closing the year at 92.756 in December. The changes throughout the year suggest a volatile market, with upward and downward movements reflecting the dynamic nature of currency exchange rates​​.

LongForecast’s 2025 Forecast for EUR INR Stock Price

LongForecast projects a generally upward trend in the EUR to INR exchange rate for 2025. The year starts at 93.10 in January and steadily increases, reaching 102.97 in May. However, it then experiences a decline, closing the year at 96.45 in December.

Trading.biz 2025 Forecast for EUR INR Stock Price

Trading.biz predicts that in February 2025, the EUR to INR rate will be approximately 91.39. The expected range for this forecast is between a minimum of 86.73 and a maximum of 96.58.

Analysts’ EUR INR Projections for 2026

Let’s see EURINR analytical forecasts for 2026.

WalletInvestor’s 2026 Forecast for EUR INR Price

WalletInvestor’s EUR to INR forecast 2026 suggests a stable trend with minor fluctuations. The predicted range varies from a low of 91.684 in January to a high of 93.713 in August. The forecast indicates a slight upward movement mid-year, followed by a modest decline towards year-end​​.

LongForecast’s 2026 Forecast for EUR INR Stock Price

Price Range for 2026: 90.32 – 99.07.

LongForecast predicts a moderately volatile 2026 for the EUR to INR exchange rate. Starting at 96.45 in January and peaking at 99.07, the year is forecasted to see both increases and decreases, concluding with a low of 90.32 in December​​.

Trading.biz 2026 Forecast for EUR INR Stock Price

Trading.biz’s forecast for EUR to INR in 2026 shows a gradually increasing trend. Starting at 91.97 in January, the rate is expected to rise steadily, reaching 93.57 in September before slightly decreasing to 93.09 by November. The forecast range is vast, with a low of 74.79 and a high of 115.42, indicating potential yearly volatility.

Long-Term EUR to INR Forecast for 2027-2030

Three notable sources provide insights into the future of the EUR to INR exchange rate from 2027 to 2030. Walletinvestor.com predicts a gradual increase in the rate, expecting it to reach 94.083 by 2029, marking a modest growth of about 3.52% over five years. Trading.biz foresees a steady rise, with the rate potentially hitting 94.63 by 2028, but also indicates a possibility of market volatility or uncertainty. 

Meanwhile, the LongForecast presents a more dynamic outlook, suggesting a stronger appreciation of the Euro against the Rupee, with the rate possibly peaking at 99.85 by February 2028. Collectively, these forecasts suggest an upward trend in the EUR to INR exchange rate across the specified period, albeit with varying degrees of optimism and potential market fluctuations.

Recent Price History of the EUR INR Pair

In recent years, the EUR/INR exchange rate has experienced notable fluctuations. In 2022, the rate started at 89.6250, dipped to a low of 77.8459, and closed at 88.5660, marking an increase of 4.58%. This rebound was in contrast to 2021, where it declined by 5.07%, closing at 84.7075 from an opening of 89.2290. 2020 saw a significant rise of 11.52%, closing at 89.2290.

However, changes were more modest in 2019 and 2018, with a slight increase of 0.47% and 3.79%, respectively. The trend was upward in 2017, with a 7.28% gain, while 2016 experienced a minor drop of 0.66%. In 2015, the rate decreased by 5.87%. These variations reflect economic and geopolitical influences impacting the currency pair.

Which Factors Impact EUR INR Price?

• Inflation Differentials. Lower inflation in the Eurozone compared to India can strengthen the Euro, resulting in a higher EUR to INR rate.

• Current Account Balance. India’s trade deficit can devalue the Rupee, enhancing the EUR-INR exchange.

• Public Debt Levels. Higher debt in either region, especially India, may devalue its currency, affecting the EUR-INR forecast.

• Terms of Trade Shifts. Improved Indian export prices could strengthen the Rupee, impacting the EUR to INR exchange.

• Economic Performance. Stronger economic indicators in the Eurozone can lead to a higher EUR-INR rate, influenced by investor confidence.

• Political Stability. Political uncertainty in India can weaken the Rupee, affecting the EUR to INR exchange.

• Global Market Sentiment. Global economic trends and crises can unpredictably sway the EUR-INR rate.

Is EUR/INR Still a Good Investment?

Based on the comprehensive EUR to INR forecast presented, covering projections until 2030, the currency pair offers a moderately promising outlook as an investment. Despite some volatility, the Euro is expected to appreciate against the Indian rupee over the long term gradually. Key factors like inflation differentials and India’s current account deficit could exert downward pressure on the Rupee, lifting the EUR/INR rate. 

However, global uncertainties and potential political instability in India inject uncertainty. On balance, EUR/INR remains a reasonably good investment for the patient, a risk-tolerant investor seeking diversification, but gains may be gradual. Continual assessment of economic developments and forecast updates is advisable for time entry and exit strategies.