empty
01.07.2022 10:40 AM
EUR/USD analysis and forecast for July 1, 2022

As a result, the first month of trading in the summer has ended. We must acknowledge that the primary currency pair EUR/USD finished on a rather sad note. The US dollar is still strong, as demonstrated at the June auction when it faced up against all except the Swiss franc's primary rivals. However, this is entirely another tale. And I recommend looking at the most senior timeframe and summarizing the month's outcomes that ended yesterday in today's article on the euro/dollar.

Monthly

This image is no longer relevant

You will first notice the major support area near 1.0350, which is now indubitably historical. The fall, which had already been noticed in 2017, was stopped by this sturdy technical level, as is evident on the chart. I recall that occasion and how parity, or the level of 1.0000, was expected for the euro/dollar at that time. Instead, the pair took action, turned upward, and not only turned around but also grew decently, rising to the level of 1.2555. Following that, both ups and downs were seen in the price dynamics of the EUR/USD, and as a result of all these moves, the quote fell back to levels last seen five years ago. The relatively large shadows of the last two monthly candles amply illustrate the strength of the 1.0350 level. But nothing endures forever. Once more, I'd guess that the pair would indeed move quickly toward parity in the event of a true collapse of the 1.0350-1.0300 price range. The ending of July trading above 1.0775 will likely pave the way for higher prices, possibly even to the Tenkan red line, which is positioned at 1.0983, or to another significant historical and technical level of 1.1000. This is easy to predict, given the lows and highs of the previous month. If the July trades close at 1.0339 (the January 2017 lows), the pair will undoubtedly anticipate a route to the south, whose ferocity will only grow.

Daily

This image is no longer relevant

The EUR/USD pair displayed resilience throughout yesterday's trade. After attempting to breach another important key of 1.0400, it found firm support at 1.0383 and figuratively rose from the ashes to close Thursday's session at 1.0483. However, as the euro/dollar is currently trading below the red line of the Tenkan Ichimoku indicator, which is directly at this crucial level and the major psychological level of 1.0500, negative risks for the pair still exist. In this regard, it will be fascinating to see how the market will respond to today's eurozone inflation figures. I want to remind you that all versions of the eurozone consumer price index, including their base value, will be released at 10:00 London time. Since the European regulator has launched and postponed the issue of high inflation, I assume that the growth of consumer prices in the eurozone will be comparable to and, in some cases, even exceeding forecasts. This will support the single currency because it will be clearer that the ECB needs to turn its words into deeds. If technology is our only point of interest, then the bullish candle from yesterday with its lengthy lower shadow provides every reason to anticipate that the EUR/USD expansion may continue today. However, as is customary on the final trading day of the week, I won't provide any specific suggestions for trading. I assure you that this is not the ideal time.

Ivan Aleksandrov,
Especialista em análise na InstaForex
© 2007-2025
Selecionar intervalo de tempo
5
min
15
min
30
min
1
hora
4
horas
1
dia
1
s.
Ganhe com as variações das taxas das criptomoedas com a InstaForex.
Baixe o MetaTrader 4 e abra a sua primeira operação.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    PARTICIPE DO CONCURSO

Recommended Stories

Previsão para o EUR/USD em 20 de junho de 2025

EUR/USD Nas últimas 24 horas, desde a reunião sem incidentes da Reseva Federal, os mercados perderam a ansiedade e retomaram a tendência mais ampla de risco. Até mesmo os rendimentos

Laurie Bailey 14:26 2025-06-20 UTC+2

Previsão para o AUD/USD em 20 de junho de 2025

AUD/USD Ontem, o dólar australiano rompeu a linha MACD com uma sombra inferior e quase testou o nível de suporte em 0,6446. O movimento dos preços desta manhã acima

Laurie Bailey 14:22 2025-06-20 UTC+2

Previsão para o GBP/USD em 20 de junho de 2025

GBP/USD Na quarta e na quinta-feira, a libra esterlina tentou consolidar-se abaixo do nível de suporte de 1,3433, mas não conseguiu. O preço está subindo de forma constante

Laurie Bailey 14:19 2025-06-20 UTC+2

Análise técnica do movimento diário dos preços do índice Nasdaq 100, quinta-feira, 19 de junho de 2025.

Embora, no gráfico diário, o índice Nasdaq 100 esteja se movendo acima da WMA (30, Shift 2), que apresenta inclinação ascendente, o preço encontra-se preso na zona de resistência entre

Arief Makmur 15:35 2025-06-19 UTC+2

Análise técnica do movimento intradiário dos preços do EUR/GBP, quinta-feira, 19 de junho de 2025

Com o movimento do EUR/GBP no gráfico de 4 horas acima da WMA (21), que apresenta inclinação ascendente, e a formação de uma convergência entre o preço e o Oscilador

Arief Makmur 15:33 2025-06-19 UTC+2

XAG/USD. Análise e previsão

Atualmente, a prata passa por uma fase de consolidação após atingir seu nível mais alto desde fevereiro de 2012, impulsionada pelos ganhos expressivos da sessão anterior. O metal é negociado

Irina Yanina 19:49 2025-06-18 UTC+2

Sinais de negociação para o OURO (XAU/USD) para 18-22 de junho de 2025: vender abaixo de US$ 3.404 (SMA 21 - 8/8 de Murray)

O preço do ouro tem se consolidado abaixo de 3.400 e abaixo da SMA 21. Depois de atingir o nível 8/8 de Murray em 3.437, o ouro passou

Dimitrios Zappas 17:15 2025-06-18 UTC+2

Sinais de negociação para o EUR/USD para 18-22 de junho de 2025: vender abaixo de 1,1540 (SMA 21 - 7/8 de Murray)

No início da sessão americana, o euro está sendo negociado sob pressão de baixa em torno de 1,1502, abaixo da média móvel de 21 dias e dentro do canal

Dimitrios Zappas 15:42 2025-06-18 UTC+2

Previsão para o EUR/USD em 18 de junho de 2025

No último dia antes da reunião da Reserva Federal, o euro não conseguiu resistir ao sentimento generalizado de aversão ao risco no mercado e caiu 80 pips, parando na linha

Laurie Bailey 15:34 2025-06-18 UTC+2
Não pode falar agora?
Faça sua pergunta no 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.