empty
01.06.2023 09:15 AM
Hot forecast for EURUSD on June 1, 2023

So, the main event of today is the preliminary data on eurozone inflation, and according to forecasts, the pace of consumer price growth is expected to slow down from 7.0% to 6.5%. However, similar data for Germany and France were published yesterday, which caused the euro to fall. At least that was the case until the opening of the US trading session. The fact is that inflation in France slowed down from 5.9% to 5.1%, with a forecast of 5.7%, while in Germany, instead of falling from 7.2% to 6.7%, it dropped to 6.1%. Therefore, inflation in the entire euro area is likely to slow down even more. Consequently, the European Central Bank is expected to halt the process of raising interest rates in the near future.

However, after the opening of the US trading session, the euro was able to fully recover its losses, thanks to Federal Reserve representatives, who explicitly stated that the central bank is pausing the rate hike. They also added that this would mean reaching the peak level of interest rates, indicating a gradual easing of monetary policy.

But as mentioned earlier, inflation in Europe will slow down slightly faster than forecasts, and the euro will fall again. At the very least, it will fall to Wednesday's lows.

This image is no longer relevant

The EUR/USD pair reached 1.0635 during the downward movement, triggering a technical signal of the euro being oversold in the short-term time frames.

On the four-hour chart, the RSI hit the 30 level, which became the starting point for reducing the volume of short positions on the euro.

On the same time frame, the Alligator's MAs are headed downwards, indicating a corrective trend.

Outlook

The downward cycle from the peak of the medium-term trend remains relevant in the market. For this reason, returning to the price low could potentially lead to a new wave of decline, disregarding the technical signals of an oversold euro. However, it is worth noting that the longer the market maintains its momentum, the less stable speculators become. Ultimately, this may lead to a sharp decline in the volume of short positions, which in turn will result in a price reversal.

The comprehensive indicator analysis in the short-term and intraday periods suggests a pullback, while indicators in the medium-term show the corrective move.

Seleccione el marco de tiempo
5
min
15
min
30
min
1
hora
4
horas
1
día
1
s.
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO

Recommended Stories

Pronóstico urgente del par EUR/USD para el 19.11.2024

A juzgar por el modesto crecimiento del euro, existe la sensación de que el dólar aún no ha agotado todo su potencial de crecimiento, a pesar de la increíble sobrecompra

Dean Leo 07:29 2024-11-19 UTC+2

Previsión de última hora del par EUR/USD para el 26.08.2024

El euro se fortaleció frente al dólar estadounidense en casi un 1,5% durante la semana pasada, acercando la cotización al máximo local de la tendencia alcista. El instrumento técnico

Dean Leo 07:44 2024-08-26 UTC+2

Pronóstico urgente del EUR/USD para el 01.07.2024

Ya cerca del cierre de las operaciones del viernes, el dólar comenzó a perder posiciones. Y con la apertura de la sesión asiática de hoy esta tendencia continuó. De hecho

Dean Leo 08:18 2024-07-01 UTC+2

Zonas de Margen e Ideas de Trading para los pares AUD/USD, NZD/USD, USD/CAD (24.06.2024)

AUD /USD Tendencia a largo plazo: incertidumbre temporal. La máxima acumulación de volúmenes del contrato actual se encuentra en el rango, en las cotizaciones 0,66070-0,66210. En este momento

09:13 2024-06-24 UTC+2

Pronóstico urgente para EUR/USD del 24.06.2024

Se esperaba que los índices de actividad empresarial de la eurozona aumentaran ligeramente, mientras que en Estados Unidos disminuirían ligeramente. Pero no fue así. En Europa disminuyeron, y de forma

Dean Leo 09:04 2024-06-24 UTC+2

Pronóstico para EUR/USD el 20 de noviembre de 2023

No ocurrió mucho al principio, pero el dólar comenzó a perder terreno activamente cuando se abrió la sesión de operaciones en los Estados Unidos. Esto se debió a una serie

Dean Leo 14:16 2023-11-20 UTC+2

Pronóstico candente para GBP/USD el 2 de noviembre de 2023

La Reserva Federal, por ahora, ha sugerido que las subidas de tasas podrían mantenerse en espera durante el resto del año, y esto fue suficiente para impulsar el fuerte crecimiento

Dean Leo 09:09 2023-11-02 UTC+2

USD/JPY extiende su crecimiento como se esperaba

El par USD/JPY subió como se esperaba. He hablado de este escenario en el análisis de ayer. El fuerte crecimiento de DXY y la caída de los futuros

Ralph Shedler 15:25 2023-03-08 UTC+2

Pronóstico actualizado para el GBP/USD el 23/01/2023

La moneda británica siguió subiendo incluso después de que el Reino Unido informara que, en términos anuales, las ventas minoristas generales cayeron un 5,8 %, luego de una caída

Dean Leo 09:20 2023-01-23 UTC+2
¿No puede hablar ahora mismo?
Ingrese su pregunta en el 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.