empty
23.04.2025 11:43 AM
EUR/USD. Analysis and Forecast

This image is no longer relevant

The EUR/USD pair is showing intriguing behavior, especially given the current economic conditions—dropping to a weekly low during the Asian session before recovering later.

The primary factor weighing on EUR/USD is the U.S. dollar rebounding from a three-year low. Despite weakening confidence in the U.S. economy and expectations of more aggressive monetary easing by the Federal Reserve, the dollar is still holding its ground, exerting pressure on the pair. However, these same factors also limit the dollar's growth potential, helping to cap EUR/USD losses.

This image is no longer relevant

From a technical standpoint, EUR/USD has shown resilience below the psychological level of 1.1300. Additionally, a bullish MACD divergence and the Relative Strength Index (RSI) exiting the overbought zone on the daily chart support the bulls. Therefore, it would be prudent to wait for a confirmed and sustained break below the 1.1300 level before concluding that the pair has topped around the 1.1575 area—levels last seen in November 2021. Such a break would pave the way toward the next targets around 1.1250 and the key psychological level of 1.1200.

On the other hand, if the pair manages to break above and hold above the 1.1400 level, this would open the path toward higher targets, including 1.1500 on the way to retesting the monthly high around 1.1575—and potentially even 1.1600.

Irina Yanina,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

USD/JPY: Simple Trading Tips for Beginner Traders on April 30. Review of Yesterday's Forex Trades

The test of the 142.54 level in the second half of the day coincided with the MACD indicator just beginning to move downward from the zero line, confirming a correct

Jakub Novak 08:31 2025-04-30 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders on April 30. Review of Yesterday's Forex Trades

The test of the 1.3400 level in the second half of the day coincided with the MACD indicator just beginning to move upward from the zero line, confirming a correct

Jakub Novak 08:31 2025-04-30 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders on April 30. Review of Yesterday's Forex Trades

The test of the 1.1398 level in the second half of the day occurred when the MACD indicator had just begun to move upward from the zero line, confirming

Jakub Novak 08:31 2025-04-30 UTC+2

Intraday Strategies for Beginner Traders on April 30

The rise of the euro and the pound has paused. Yesterday's weak U.S. consumer confidence data failed to seriously pressure the dollar, resulting in only a modest strengthening

Miroslaw Bawulski 08:31 2025-04-30 UTC+2

USD/JPY: Simple Trading Tips for Beginner Traders for April 29th (U.S. Session)

The test of the 142.69 price coincided with the MACD indicator having already moved significantly above the zero mark, which limited the dollar's upward potential. For this reason

Jakub Novak 19:18 2025-04-29 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders for April 29th (U.S. Session)

The test of the 1.3383 price coincided with the MACD indicator moving well below the zero mark, which limited the pair's downside potential. For this reason, I did not sell

Jakub Novak 19:01 2025-04-29 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders for April 29th (U.S. Session)

There were no tests of the levels I marked in the first half of the day. European credit activity statistics had little significant impact on the euro during the first

Jakub Novak 18:58 2025-04-29 UTC+2

USD/JPY: Simple Trading Tips for Beginner Traders on April 29. Review of Yesterday's Forex Trades

The test of the 143.21 price level coincided with the MACD indicator just beginning to move downward from the zero line, confirming a correct entry point for selling the dollar

Jakub Novak 08:22 2025-04-29 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders on April 29. Review of Yesterday's Forex Trades

The test of the 1.3352 price level occurred when the MACD indicator had already moved significantly above the zero line, limiting the pair's upside potential. For this reason

Jakub Novak 08:22 2025-04-29 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders on April 29. Review of Yesterday's Forex Trades

The test of the 1.1371 price level in the second half of the day coincided with the MACD indicator just beginning to move upward from the zero line, confirming

Jakub Novak 08:22 2025-04-29 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.