empty
31.01.2025 05:01 AM
Forecast for EUR/USD on January 31, 2025

At yesterday's meeting, the European Central Bank lowered its key interest rates by the expected 0.25%. In its accompanying statement, the central bank emphasized its commitment to a restrictive policy, which has led the markets to strengthen expectations for another rate cut in March and to anticipate a total of three cuts by the end of the year.

This image is no longer relevant

However, the euro did not decline significantly, dropping only 30 pips, primarily due to weak GDP data. In the fourth quarter, GDP showed zero growth compared to an expected increase of 0.1%, while the annual GDP remained at 0.9%, falling short of the anticipated 1.0% growth.

It is important to note that GDP has a unique characteristic compared to other indices—it often accumulates alongside subsequent weak data and can have a delayed effect that extends over a week. Next week, key inflation data, PMI reports, and a broad range of U.S. economic indicators, including unemployment figures, will be released for the Eurozone. However, the euro approaches these events from a notably weak position. A consolidation below the 1.0350 support level could open the door for a decline toward the 1.0135 target.

This image is no longer relevant

On the four-hour chart, the euro consolidated below the balance and MACD indicator lines after making a false breakout above them and reversing from the 1.0458 resistance level. The Marlin oscillator has turned downward from the zero line. Currently, the price is consolidating above the 1.0350 level while aiming for a breakout.

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

Forecast for GBP/USD on February 27, 2025

On the hourly chart, the GBP/USD pair rebounded from the 76.4% retracement level at 1.2642 on Wednesday and surged toward 1.2709. The move was executed perfectly, and a rejection from

Samir Klishi 09:54 2025-02-27 UTC+2

Technical Analysis of Daily Price Movement EUR/JPY Cross Currency Pairs, Thursday February 27, 2025.

When seeing on the daily chart, the EUR/JPY cross currency pair appears to be moving below the EMA (21) which has a decreasing slope, especially with the appearance of Convergence

Arief Makmur 07:40 2025-02-27 UTC+2

Technical Analysis of Daily Price Movement of S&P 500 Index, Thursday February 27, 2025.

From what is seen on the daily chart of the S&P500 index, it appears that the Stochastic Oscillator indicator is already at the Oversold level with a BUY Crossing condition

Arief Makmur 07:40 2025-02-27 UTC+2

EUR/USD Forecast for February 27, 2025

The potential for growth in the euro and other currencies is diminishing with each passing day. Yesterday, the Dow Jones fell by 0.43%, oil decreased by 0.17%, and Bitcoin dropped

Laurie Bailey 04:04 2025-02-27 UTC+2

GBP/USD Forecast for February 27, 2025

The British pound has reached its target resistance level at 1.2708, but this movement has exhausted its momentum. The signal line of the Marlin oscillator on the daily timeframe

Laurie Bailey 04:04 2025-02-27 UTC+2

AUD/USD Forecast for February 27, 2025

On the daily chart, the Marlin oscillator is declining sharply and has already entered negative territory. This indicates a potential medium-term decline or a deep correction. The Australian dollar experienced

Laurie Bailey 04:04 2025-02-27 UTC+2

S&P 500 Forecast for February 27, 2025

The S&P 500 index managed to hold out for a long time but ultimately could not withstand the double divergence observed on the weekly chart. The Marlin oscillator has already

Laurie Bailey 04:04 2025-02-27 UTC+2

Trading Signals for GOLD (XAU/USD) for February 26-28, 2025: buy if rebounds $2,892 (21 SMA - oversold)

Early in the American session, gold is trading around 2,912 forming a pennant pattern. If a sharp break above 2,914 occurs, the metal could return to the 7/8 Murray levels

Dimitrios Zappas 16:40 2025-02-26 UTC+2

Trading Signals for EUR/USD for February 26-28, 2025: sell below 1.0482 (21 SMA - exhaustion)

Early in the American session, the EUR/USD pair is trading around 1.0487, pulling back after reaching a high of 1.0523. This area acted as a strong resistance forming a double-top

Dimitrios Zappas 13:50 2025-02-26 UTC+2

EUR/USD and GBP/USD on February 26 - Technical Analysis of the Situation

At the start of the workweek, bullish players strive to achieve new results but clearly lack strength. Today, the daily cloud boundary has shifted, attempting to move

Evangelos Poulakis 12:10 2025-02-26 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.