EUR to KRW Forecast

Explore short-term EUR to KRW forecast for today, tomorrow, this week, and next week as well as long-term Euro vs South Korean Won prediction for 2024, 2025 to 2030 and beyond

5-Day Prediction
??1,480.26
1-Month Prediction
??1,456.04
3-Month Prediction
??1,441.55
6-Month Prediction
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1-Year Prediction
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2025 Prediction
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2030 Prediction
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Current Rate ??1,468.74 (-0.42%)
Forecast ??1,456.04 (-0.87%)
Green Days 14/30 (46.67%)
Sentiment Bearish
Volatility 0.72%
50-Day SMA ??1,486.05
200-Day SMA ??1,485.60
14-Day RSI 44.87

The EUR to KRW exchange rate is forecasted to decrease by -0.87% in the next month, dropping from the current rate of ??1,468.74 to ??1,456.04. Currently, the sentiment in the EUR/KRW market is estimated to be bearish.

Disclaimer: This is not investment advice. The information provided is for general information purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

EUR to KRW Forecast for Tomorrow, This Week, and Next Week

Here are the EUR to KRW rate forecasts for shorter timeframes.

DateDaily HighDaily Low
Nov 21, 2024??1,474.79??1,474.79
Nov 22, 2024??1,474.79??1,474.79
Nov 23, 2024??1,479.28??1,473.57
Nov 24, 2024??1,480.37??1,478.24
Nov 25, 2024??1,481.19??1,478.80
Nov 26, 2024??1,480.37??1,478.70
Nov 27, 2024??1,478.42??1,476.14
Nov 28, 2024??1,479.41??1,475.85
Nov 29, 2024??1,478.68??1,473.60
Nov 30, 2024??1,477.86??1,475.93
View More

EUR to KRW Forecast for Today

The EUR to KRW forecast for today is currently predicting the EUR/KRW exchange rate to rise to ??1,474.79 in the next 24 hours, representing a 0.41% increase.

EUR to KRW Forecast for Tomorrow

The EUR to KRW forecast for tomorrow is currently predicting the EUR/KRW exchange rate to rise to ??1,474.79 in the next 24 hours, representing a 0.41% increase.

EUR to KRW Forecast for This Week

At this moment, the prediction is that the EUR to KRW rate could reach ??1,479.28 at the end of the week, going up by 0.72%.

EUR to KRW Forecast for Next Week

Today's EUR to KRW forecast for next week suggests the EUR to KRW rate might rise to ??1,477.98 in the next 7 days, a 0.63% increase compared to the current rate.

EUR to KRW for Next 10 Days

The EUR/KRW forecast for the next 10 days hints that the EUR to KRW rate could go up to ??1,475.77 in the next 10 days, showing a 0.48% increase.

Long-Term Euro to South Korean Won forecast for 2024, 2025 and beyond

Here are the current predictions for the Euro to South Korean Won exchange rate for longer time frames.

YearYearly LowYearly High
2024??1,428.96??1,483.98
2025??1,414.37??144,630
2026??1,375.68??149,581
2027??1,404.29??155,204
2028??143,090??153,734
2029??142,120??157,127
2030??144,374??162,719

EUR to KRW for the next 6 months

The EUR to KRW forecast for the next 6 months is that the EUR to KRW rate will decrease by -2.29% and hit ??1,435.05.

EUR to KRW Forecast for the next 1 year

The EUR to KRW forecast for the next 1 year suggests that the EUR to KRW exchange rate will see a -2.66% fall in the next year, resulting in a rate of ??1,429.62.

EUR to KRW Forecast for the next 5 years

The EUR to KRW forecast for the next 5 year indicates that the EUR/KRW exchange rate will be ??153,208 5 years from now. This would be a 10,331.23% decrease compared to the current rate.

EUR to KRW Sentiment and Technical Analysis

Currently, the sentiment in the EUR/KRW market is estimated as bearish. The 14-day RSI reading is 44.87, suggesting neutral conditions. In the last 30 days, the volatility of the EUR to EUR has been 0.72%.

The current EUR to KRW exchange rate is below the 50-day SMA, which is currently sitting at ??1,486.05. The current rate is below the 200-day simple moving average, which is positioned at ??1,485.60.

EUR/KRW Price Forecast Based on Technical Analysis

Sentiment

Bearish

Based on data from November 21, 2024 at 19:04, the general EUR/KRW price prediction sentiment is bearish , with 5 technical analysis indicators signaling bullish signals, and 21 signaling bearish signals.

EUR toKRW price prediction was last updated on November 21, 2024 at 19:04.

EUR/KRW 50-Day, 200-Day Simple Moving Averages and 14-Day Relative Strength Index - RSI (14)

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Based on our technical indicators, EUR/KRW's 200-day SMA will drop in the next month and will hit $?1,484.84 by Dec 20, 2024. EUR/KRW short-term 50-Day SMA is estimated to hit $?1,478.55 by Dec 20, 2024.

Popular EUR/KRW Moving Averages for Thu, Nov 21, 2024

Moving averages (MA) are a popular indicator in all financial markets, designed to smooth price action over a certain amount of time. They are a lagging indicator which means they are influenced by historical price activity. In the table below you can find two types of moving averages, simple moving average (SMA) and exponential moving average (EMA).

Daily Simple Moving Average (SMA)

PeriodValueAction
SMA 3$?1,472.33SELL
SMA 5$?1,471.13SELL
SMA 10$?1,480.09SELL
SMA 21$?1,489.22SELL
SMA 50$?1,486.03SELL
SMA 100$?1,483.44SELL
SMA 200$?1,485.70SELL

Daily Exponential Moving Average (EMA)

PeriodValueAction
EMA 3$?1,473.57SELL
EMA 5$?1,474.38SELL
EMA 10$?1,478.82SELL
EMA 21$?1,484.38SELL
EMA 50$?1,485.96SELL
EMA 100$?1,485.14SELL
EMA 200$?1,480.16SELL

Weekly Simple Moving Average (SMA)

PeriodValueAction
SMA 21$?1,475.37SELL
SMA 50$?1,455.58BUY
SMA 100$?1,426.19BUY
SMA 200$?783.57BUY

Weekly Exponential Moving Average (EMA)

PeriodValueAction
EMA 21$?1,484.19SELL
EMA 50$?1,468.99SELL
EMA 100$?1,426.10BUY
EMA 200$?1,023.73BUY

EUR to KRW Forecast FAQ

Is South Korean Won expected to rise against the South Korean Won?

Today, South Korean Won is expected to rise against the Euro, as the forecast expects the EUR/KRW exchange rate to move to ??1,474.79 from the current rate of ??1,468.74. In the next 7 days, South Korean Won is predicted to increase compared to the Euro by ??1,477.98.

Is EUR to KRW a buy or sell?

EUR/KRW is currently a buy as the exchange rate is forecasted to increase by 0.41% in the next 24 hours.

Will South Korean Won get stronger against Euro in 2024?

South Korean Won is expected to drop by -2.38% against the Euro by the end of 2024, as the EUR/KRW rate is expected to reach ??1,433.78.

What is the South Korean Won to Euro forecast for 2025?

The South Korean Won to Euro forecast for 2025 is currently ??1,440.81. This would represent a -1.90% drop from the current rate.

What is the forecast for EUR to KRW in 2030?

The forecast for KRW to EUR in 2030 is that the exchange rate will be ??156,499 6 years from now. This would be 10,555.31% higher than the current exchange rate.

How to read and forecast EUR to KRW price movements?

Forex traders use a variety of tools to make predictions on which way the market is likely to head next. The two main tools that forex traders use are technical analysis and fundamental analysis.

Technical analysis involves analyzing indicators, chart patterns, and support and resistance levels. Meanwhile, fundamental analysis involves analyzing macroeconomic and political events that have an influence on forex markets.

Forex technical indicators

Moving averages are among the most popular forex prediction tools. As the name suggests, a moving average provides the average closing price for a forex pair over a selected time frame, which is divided into a number of periods of the same length. For example, a 12-day simple moving average is a sum of the closing prices over the last 12 days which is then divided by 12.

In addition to the simple moving average (SMA), traders also use another type of moving average called the exponential moving average (EMA). The EMA gives more weight to more recent prices, and therefore reacts more quickly to recent price action.

5-day, 10-day and 20-day moving averages are among the most commonly used indicators in the market to identify important resistance and support levels from a short term perspective. Meanwhile, the 50-day, 100-day and 200-day moving averages are often used to identify long-term support and resistance levels.

If the pair’s price moves above any of these averages, it is generally seen as a bullish sign for stock. Conversely, a drop below an important moving average is usually interpreted as a negative forecast for the market.

Traders also like to use the RSI and Fibonacci retracement level indicators to try and ascertain the future direction of the exchange rate.

Another way of analyzing forex prices is through candlestick chart analysis. Some candlestick formations are seen as likely to forecast bullish price action, while others are seen as bearish.

How to read stock charts and forecast price movements?

Here are some of the most commonly followed bullish candlestick patterns:

Here are some common bearish candlestick patterns:

  • Hammer
  • Bullish Engulfing
  • Piercing Line
  • Morning Star
  • Three White Soldiers
  • Bearish Harami
  • Dark Cloud Cover
  • Evening Star
  • Shooting Star
  • Hanging Man

Forex fundamental indicators

Macroeconomical and political events play an important role in the forex markets, as they can have a significant influence on exchange rates. In order to be successful in the forex market, traders need to have a solid understanding of the bond market, balance of trade between nations, the political landscape, a nation’s economic health, purchasing power and other key concepts.

DISCLAIMER: Not Investment Advice
The information provided is for general information purposes only. No information, materials, services and other content provided on this page constitute solicitation, recommendation, endorsement or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

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EUR/KRW
Euro/South Korean Won
??1,468.53
-0.47%
Updated a few seconds ago