empty
02.04.2025 04:49 AM
EUR/USD Forecast for April 2, 2025

By the end of yesterday, the euro fell by 25 pips, but risk appetite in the market continued to grow: the S&P 500 rose 0.38%, the yield on 5-year U.S. government bonds held steady for the third day at 3.95%, and the dollar index posted a symbolic gain of just 0.03%. However, PMI indexes from both the eurozone and the U.S. favored the American economy, and as expected, investors reacted accordingly, mainly ignoring the eurozone's drop in unemployment and inflation figures. The eurozone's Manufacturing PMI rose from 47.6 to 48.6 (below the forecast of 48.7), while the U.S. Manufacturing PMI dropped from 52.7 to 50.2, better than the expected 49.8.

Markets (if you believe the U.S. Democratic media) assume the reciprocal tariffs will harm the U.S. more, as Europe is expected to benefit from increased infrastructure and military spending. However, we do not support this view. Broader infrastructure projects began developing in the U.S. much earlier—during Obama's last presidential term—and in May, a decisive new phase of QE by the U.S. Treasury is set to begin to boost domestic manufacturing. This plan was delayed under Biden, and Trump now intends to compensate for lost time. We believe the real economy, as reflected in the PMI data, remains optimistic. Friday's U.S. employment data for March will carry strategic weight.

This image is no longer relevant

On the daily chart, the signal line of the Marlin oscillator is starting to wind around the zero line. Price may consolidate above the 1.0762 support level. Risk appetite and buying pressure for the euro remain strong, so we maintain our scenario of a rise toward 1.0955 and potentially to 1.1027 as the main outlook. A sustained move below 1.0762 could still push the price down to 1.0667.

This image is no longer relevant

On the H4 chart, the Marlin oscillator is also neutral, while the price is developing above the balance line (red MA). The pair could gradually decline to the 1.0762 support without breaking below the balance line, then rebound and head higher through the MACD line. Whether the rally begins from current levels or a rebound off support, the condition for further growth will be a consolidation above the MACD line. Today, this level is at 1.0816. Tomorrow, it could shift to 1.0800.

Laurie Bailey,
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

Forex forecast 15/05/2025: EUR/USD, GBP/USD, Oil and Bitcoin

Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful

Sebastian Seliga 11:22 2025-05-15 UTC+2

Forecast for EUR/USD on May 15, 2025

On Wednesday, the EUR/USD pair rose toward the resistance zone of 1.1265–1.1282, rebounded from it, and reversed in favor of the U.S. dollar, which managed to gain about 80 points

Samir Klishi 11:00 2025-05-15 UTC+2

Forecast for GBP/USD on May 15, 2025

On the hourly chart, the GBP/USD pair climbed to the resistance zone of 1.3344–1.3357 on Wednesday, rebounded from it, and began a downward move toward the 100.0% Fibonacci level

Samir Klishi 10:56 2025-05-15 UTC+2

Technical Analysis of Daily Price Movement of USD/IDR Exotic Currency Pairs, Thursday May 15, 2025

From what is seen on the daily chart, the Exotic USD/IDR currency pair appears to have a Bearish 123 pattern followed by the appearance of 2 Bearish Ross Hook (RH)

Arief Makmur 06:46 2025-05-15 UTC+2

Technical Analysis of Intraday Price Movement of Nasdaq 100 Index, Thursday May 15, 2025

If we look at the 4-hour chart of the Nasdaq 100 index moving above the WMA (21) which has a slope that is going upwards, indicating that currently Buyers

Arief Makmur 06:46 2025-05-15 UTC+2

EUR/USD Forecast for May 15, 2025

On Wednesday, the euro managed to rise to the target level of 1.1266 (the lows from April 15 and May 1), but in the absence of external support (S&P

Laurie Bailey 04:40 2025-05-15 UTC+2

GBP/USD Forecast for May 15, 2025

The British pound struggles to break above the 1.3311 resistance level with a daily candle close. In the current context, this level aligns with the zero (neutral) line

Laurie Bailey 04:40 2025-05-15 UTC+2

USD/JPY Forecast for May 15, 2025

By the end of yesterday's trading session, the USD/JPY pair declined by 73 pips, testing the MACD indicator line with a lower shadow. It's clear that an attempt to consolidate

Laurie Bailey 04:40 2025-05-15 UTC+2

Trading Signals for EUR/USD for May 14-19, 2025: sell below 1.1230 (200 EMA - 21 SMA)

The euro is expected to continue its fall in the coming hours. Therefore, we should expect a close below 1.1186 on the H4 chart. Then, the price could slide

Dimitrios Zappas 18:06 2025-05-14 UTC+2

Trading Signals for GOLD for May 14-19, 2025: buy above $3,175 (200 EMA - rebound)

Gold left a gap around 3,325. It is likely to be filled in the coming days. For this, we should wait for gold to consolidate above 3,230, then the outlook

Dimitrios Zappas 18:05 2025-05-14 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.