empty
InstaForex - Official partner of Dragon Racing
InstaForex - Official partner of Dragon Racing
This section is designed for those who are just starting their trading journey. InstaForex educational and analytical materials will meet your training needs. Our experts' recommendations will make your first steps to trading success simple and clear.
Start as Beginner
How to start trading
Useful information
Training and recordings
InstaForex innovative services are an essential element of productive investment. We strive to provide our clients with advanced technical capabilities and make their trading routine comfortable as we are recognized as the best broker in this regard.
Become Investor
PAMM System
ForexCopy System
Passive investments
Partnership with InstaForex is beneficial and top-tier. Join our affiliate programs and enjoy bonuses, partner rewards, and the possibility to travel with the team of the world-renowned brand.
Become Partner
Main Page
Partner Area
Advantages for Affiliates
Registration
This section contains the most lucrative offers from InstaForex. Receive bonuses when topping up an account, compete with other traders, and get real prizes even when trading in a demo account.
All Promo Campaigns
Bonuses
Contests
Events
Holidays with InstaForex are not only pleasant but also useful. We offer a one-stop portal, numerous forums, and corporate blogs, where traders can exchange experiences and become successfully integrated into the Forex community.
Full details
Forums
We are in social networks
Forex humour
Forex Portal
InstaForex is an international brand created in 2007. The company provides services for online FX trading and is recognized as one of the world's leading brokers. We have won the trust of more than 7,000,000 retail traders, who have already appreciated our reliability and focus on innovations.
Learn More
History
Why Choose Us
InstaSport
Regulation
Company News
Awards
InstaForex Stars
InstaForex Offline
Headquarters
Key documents
Social Responsibility
11.04.2025 12:42 PM
The ECB May Cut Interest Rates Twice
Open trading account Open demo account

The euro is showing a sharp rally against the U.S. dollar. The EUR/USD pair has already reached a three-year high and shows no signs of slowing down.

Meanwhile, according to a survey of economists, officials at the European Central Bank are likely to cut borrowing costs several more times, though they are ultimately expected to follow the lead of the U.S. Federal Reserve.

This image is no longer relevant

Respondents anticipate consecutive quarter-point rate cuts in April and June, after which the deposit rate is expected to settle at 2%. Economists warn that U.S. trade policy poses significant risks, threatening to undermine eurozone economic growth. Escalating protectionist measures, including the imposition of tariffs and trade restrictions, could severely disrupt supply chains and reduce demand for European goods. Uncertainty in U.S. trade policy is creating instability in financial markets, deterring investors and complicating long-term planning for European businesses. Additionally, aggressive fiscal policies aimed at boosting domestic demand in the U.S. could strengthen the dollar, making European exports less competitive.

A key concern is the erratic attempts by the U.S. president to reshape the global order. His trade war has already roiled financial markets, fueled fears of a major economic collapse, and left world leaders unsure of how to respond.

The temporary truce proposed by Trump yesterday — a 90-day pause — provides time for negotiations, allowing the European Union to delay countermeasures. However, the U.S.-China standoff continues to intensify. The biggest challenge for the ECB in this situation is having to maintain the appearance of being in control in the face of Trump's unpredictability.

Clearly, the ECB is now operating in a radically different environment as U.S. tariffs become a reality, and the eurozone's monetary policy must adapt accordingly. Against this backdrop, the Governing Council is expected to cut rates by another 25 basis points at its April 17 meeting, ahead of a series of cuts likely later this year.

The latest inflation report from the eurozone indicates that rate cuts are not only possible but necessary — if not now, then when? Recent statements from policymakers suggest that many are open to a pause in April, but a significant number also support further easing.

Most survey respondents expect rates to reach neutral territory only by the third quarter of this year. While half of them pegged the neutral rate — one that neither restricts nor stimulates growth — at 2%, nearly as many economists believe it is already above that level.

Technical Outlook on EUR/USD

At present, buyers need to focus on reclaiming the 1.1325 level. Only then can the pair aim for a test of 1.1388. A break above this level could open the path toward 1.1427, although such a move would be difficult without support from major players. The ultimate bullish target would be the 1.1485 high. If the pair declines, I expect strong buyer interest only around the 1.1260 level. If there is no support there, it may be worth waiting for a retest of the 1.1217 low or opening long positions from the 1.1155 level.

Technical Outlook on GBP/USD

Buyers of the pound must reclaim the nearest resistance at 1.3047. Only then can they target 1.3108, which could be a tough level to breach. The final bullish target is the 1.3156 level. If the pair declines, bears will attempt to regain control at 1.2985. A successful break of this range would significantly damage the bullish outlook and push GBP/USD down toward the 1.2929 low, with the potential to reach 1.2866.

Jakub Novak,
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
All Analytics
Crypto-currencies
Trading tips for crypto market on June 27 (North American session) Bitcoin made another attempt to return to the $108,000 level, but failed to hold it and corrected lower, falling below the $107,000 mark, a move that could lead
Miroslaw Bawulski
15:47 2025-06-27 +02:00
2185
Forecast
USD/JPY: Simple Trading Tips for Beginner Traders on June 27th (U.S. Session) Trade Review and Recommendations for the Japanese Yen The price test of 144.59 occurred when the MACD had already moved significantly above the zero line, which limited the pair's upward
Jakub Novak
13:20 2025-06-27 +02:00
2200
Breaking Forecast Trading Plan Cryptocurrencies USD/RUB Russian Economy Video Analysis
Trading Instruments
EURUSD GBPUSD USDCHF USDCAD USDJPY AUDUSD EURGBP EURJPY NZDUSD EURNZD Silver Gold #CL #USDX COVID-19 Bitcoin
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

The Yen Has Lost Its Bullish Momentum

The Consumer Price Index (CPI) in the Tokyo region declined in June from 3.4% to 3.1% year-over-year, marking the first signal so far that may indicate a slowdown in price
Kuvat Raharjo 12:21 2025-06-27 UTC+2

EUR/JPY. Analysis and Forecast

The EUR/JPY pair is regaining positive momentum during today's trading session, reversing its recent decline.The euro continues to benefit from the prevailing sentiment of selling the U.S. dollar
Irina Yanina 12:17 2025-06-27 UTC+2

Inflation in Canada Remains Too High – USD/CAD May Accelerate Its Decline

Inflation in Canada remains too high to expect a rate cut by the Bank of Canada at its upcoming meeting. In April, inflation sharply slowed to 1.7% y/y, and most
Kuvat Raharjo 11:16 2025-06-27 UTC+2

XAU/USD. Analysis and Forecast

Gold is drawing renewed selling interest today after breaking below the key $3300 level. Traders are awaiting the release of the U.S. Personal Consumption Expenditures (PCE) Price Index, which
Irina Yanina 10:47 2025-06-27 UTC+2

PCE Index Data Unlikely to Significantly Impact Market Dynamics (Potential for Renewed Growth in EUR/USD and Bitcoin)

The easing of tensions in the markets, following a pause in the military conflict in the Middle East, supports the return of the previous paradigm—an increase in demand for stocks
Pati Gani 09:52 2025-06-27 UTC+2

The Market Is Off the Leash

Greed has returned to the markets. While professionals warn about the need for caution amid geopolitical uncertainty, trade wars, and the state of the U.S. economy, retail investors are once
Marek Petkovich 09:16 2025-06-27 UTC+2

What to Pay Attention to on June 27? A Breakdown of Fundamental Events for Beginners

There are relatively few macroeconomic reports scheduled for Friday. Some experts refer to the PCE indicator as "important" and "the Fed's favorite," but we do not share that view
Paolo Greco 07:02 2025-06-27 UTC+2

GBP/USD Overview – June 27: History Doesn't Repeat Itself

The GBP/USD currency pair continued its strong upward movement throughout Thursday. Since the beginning of the week, the U.S. dollar has lost "only" 330 pips. As we've previously stated
Paolo Greco 03:41 2025-06-27 UTC+2

EUR/USD Overview – June 27: Can Trump Balance the Trade Deficit?

The EUR/USD currency pair is in a "free rise" (similar to the term "free fall"). The dollar is once again plunging into the abyss, just as we repeatedly warned. It's
Paolo Greco 03:41 2025-06-27 UTC+2

Powell, Trump, and Everyone Else

What will change with the arrival of a new Federal Reserve Chair? This is a rather important question, and the answer to it may already have implications for the U.S
Chin Zhao 00:08 2025-06-27 UTC+2

Top analytics

Relevance up to 02:00 2025-06-29 UTC--5
PCE Index Data Unlikely to Significantly Impact Market Dynamics (Potential for Renewed Growth in EUR/USD and Bitcoin)
09:52 2025-06-27
Fundamental analysis
Relevance up to 04:00 UTC--5
The Yen Has Lost Its Bullish Momentum
12:21 2025-06-27
Fundamental analysis
Relevance up to 03:00 UTC--5
Inflation in Canada Remains Too High – USD/CAD May Accelerate Its Decline
11:16 2025-06-27
Fundamental analysis
Relevance up to 08:00 UTC--5
Kiwi Rises Due to Dollar Weakness and a Possible Pause in RBNZ Rate Cuts
00:08 2025-06-27
Fundamental analysis
Relevance up to 01:00 UTC--5
The Market Is Off the Leash
09:16 2025-06-27
Fundamental analysis
Can't speak right now?
Ask your question in the chat.
Widget callback
Callback widget
 

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.