empty
InstaForex Loprais Team - Official participant of the Dakar rally
InstaForex Loprais Team - Official participant of the Dakar rally
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
15.04.2025 12:35 AM
ECB Meeting: What to Expect?
Open trading account Open demo account

This image is no longer relevant

This week, the European Central Bank's meeting in April is happening, and the euro is in high spirits. The euro has been doing exceptionally well for at least two months—seemingly without much effort. In other words, if you look solely at the economic data from the Eurozone, I wouldn't predict even a 200-pip rise. Yet, over the past two months, the euro has gained 1000 points—all thanks to the U.S. president.

Under the current circumstances, the only realistic expectation from the ECB is another interest rate cut. Inflation is slowing, and the threat of recession due to Donald Trump's tariffs is growing. Therefore, the ECB can combine the pleasant with the useful. Let me remind you: economic stimulus requires low interest rates, and when inflation is declining, there's no need for high rates. Consequently, the ECB is likely to launch another round of monetary easing. These are not the best possible news for the euro, but it hardly matters in the current environment. The market is ready to invest in any currency — as long as it's not the dollar. Whether the ECB cuts, raises, or leaves rates unchanged, the euro's direction will depend entirely on how the global trade war unfolds.

Trump kicked off the new week with enthusiasm by announcing new tariffs, this time targeting all semiconductors. It's still unclear whether Washington and Beijing are tired of raising tariffs against each other every day. It's also unclear what other all-encompassing tariffs Trump is preparing in addition to those on automobiles, steel, and aluminum. There are enough flashpoints in this trade war to expect more surprises.

This image is no longer relevant

Considering all this, I expect further growth in EUR/USD quotes, even though the current wave count is starting to look unreadable due to the one-sided market movement. Wave 2 in the correction is smaller than the internal corrective waves in Wave 1. And for now, the market isn't showing signs of stopping or ending the dollar sell-off.

Wave Analysis of EUR/USD:

Based on the analysis of EUR/USD, the pair continues to build a new bullish trend segment. Trump's actions have reversed the downward trend. Therefore, the wave structure will soon depend entirely on the U.S. president's stance and actions. This must constantly be kept in mind. From a wave perspective, we should now expect the formation of a corrective wave set, which typically consists of three waves. However, Wave 2 may already be complete. If this assumption is correct, Wave 3 of the upward trend has begun, with potential targets reaching the 1.25 area.

This image is no longer relevant

Wave Analysis of GBP/USD:

The wave picture of GBP/USD has changed. We are now dealing with a bullish, impulsive segment of the trend. Unfortunately, with Trump in office, markets may face countless shocks and reversals that do not align with wave structure or technical analysis. Therefore, at this point, a corrective wave pattern should be expected, the size of which will also depend on Trump. After that, we can anticipate the construction of an upward Wave 3 — but only if Trump's stance on trade policy does not suddenly do a complete 180, which there are currently no signs of.

Core Principles of My Analysis:

  1. Wave structures should be simple and understandable. Complex patterns are difficult to interpret and often bring about sudden changes.
  2. If you're uncertain about the current market situation, it's better not to enter a position.
  3. You can never have 100% confidence in price direction. Always remember to use Stop Loss orders.
  4. Wave analysis can be combined with other forms of analysis and trading strategies.
Chin Zhao,
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
Wave analysis
EUR/USD Analysis on June 23, 2025 The wave pattern of the 4-hour EUR/USD chart continues to indicate the development of an upward trend segment. This transformation occurred exclusively due to the new U.S. trade policy. Until
Chin Zhao
19:08 2025-06-23 +02:00
1240
Forecast
USD/JPY: Simple Trading Tips for Beginner Traders for June 23rd (U.S. Session) Trade Analysis and Tips for Trading the Japanese Yen The test of the 147.48 level occurred when the MACD indicator was in the overbought zone, which prevented scenario #1
Jakub Novak
18:18 2025-06-23 +02:00
1285
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

XAU/USD. Analysis and Forecast

Today, gold is attracting new sellers. Amid a sharp escalation in the conflict between Iran and Israel, the United States conducted airstrikes on three Iranian nuclear facilities in Fordow, Natanz
Irina Yanina 17:59 2025-06-23 UTC+2

USD/JPY. Analysis and Forecast. The Japanese Yen Maintains an Intraday Bearish Outlook

Today, Monday, selling pressure on the Japanese yen dominates, driven by several factors. Traders continue to push back expectations of a potential rate hike by the Bank of Japan, assuming
Irina Yanina 17:56 2025-06-23 UTC+2

USD/CHF. Analysis and Forecast

At the moment, the U.S. Dollar Index (DXY) has reached a new two-week high, driven by hawkish signals from the Federal Reserve. The U.S. central bank has maintained its forecast
Irina Yanina 17:51 2025-06-23 UTC+2

Bitcoin longing for new highs, but something stymies

Bitcoin was created as a way to preserve value in times of turmoil, especially against the backdrop of weakening fiat currencies. It was believed that the arrival of institutional investors
Marek Petkovich 12:23 2025-06-23 UTC+2

Market fears retaliation

Hope for the best, prepare for the worst. Since the onset of the Israel-Iran conflict, the market seems to have largely ignored the severity of the situation. Investor reaction
Marek Petkovich 10:36 2025-06-23 UTC+2

The U.S. Joins the Iran-Israel War. What's Next for the Markets? (Limited downside potential for #NDX and #SPX contracts possible)

The United States could not abandon its satellite and Middle Eastern proxy—Israel—to face Iran alone. On Sunday, it struck Iran's nuclear facilities, though these strikes failed to achieve their objectives
Pati Gani 09:51 2025-06-23 UTC+2

What to Pay Attention to on June 23? A Breakdown of Fundamental Events for Beginners

A significant number of macroeconomic reports are set for Monday, though they share a similar nature. Business activity indices for June's services and manufacturing sectors will be released in Germany
Paolo Greco 06:51 2025-06-23 UTC+2

GBP/USD Overview – June 23: Geopolitics vs. Economy

The GBP/USD currency pair traded sluggishly throughout Friday, but one technical factor is worth noting: the price failed to consolidate above the moving average. Thus, technical analysis currently suggests
Paolo Greco 03:50 2025-06-23 UTC+2

EUR/USD Overview – June 23: The U.S. Has Officially Entered the War Against Iran

The EUR/USD currency pair traded with minimal volatility and no clear direction throughout Friday. The upward trend remains intact without any doubt. However, a significant strengthening of the U.S. dollar
Paolo Greco 03:50 2025-06-23 UTC+2

US-EU Negotiations on the Verge of Collapse

As anticipated, this phrase can describe nearly every action taken by Donald Trump. I have consistently argued that the core of any negotiations involving Trump comes down to this
Chin Zhao 00:13 2025-06-23 UTC+2
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.