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
14.11.2023 12:10 PM
EUR/USD. November 14th. American inflation could wake the market up
Open trading account Open demo account

The EUR/USD pair continued a weak upward movement towards the level of 1.0714 on Monday. Despite this level being only 25 points above the day's opening level, it still needs to be reached. Today, a rebound from this level will work in favor of the American currency and resume the decline toward the corrective level of 23.6% (1.0644). Consolidating the pair's rate above 1.0714 increases the probability of further growth towards the next Fibonacci level of 38.2%–1.0765.

This image is no longer relevant

The wave situation remains ambiguous. The recent downward wave did not break the low of the previous wave, and the recent upward wave did not break the peak of the previous wave. Thus, concluding the dominance of bulls or bears is currently impossible. For over a month, we have observed a movement often called horizontal. Short-term trends consisting of 1–3 waves are formed occasionally, but they do not change the essence of the movement. On higher timeframes, it is seen that the movement is almost horizontal.

This week's news background will not be the strongest, but on Tuesday, several reports could slightly stir the market, which has been dormant for a week. The ZEW Economic Sentiment Index has little chance of doing this, but American inflation is much more interesting. Traders expect it to slow down to 3.3%, which will convince the FOMC of the correctness of the chosen path and further reduce the market's confidence in a new tightening of monetary policy. If inflation for October drops below 3.5%, the dollar may come under pressure. However, inflation is less important for traders now, as the Fed needs to send strong signals about being ready to raise interest rates even more. This report has a good chance of causing a market movement, but it may need to be revised.

This image is no longer relevant

On the 4-hour chart, the pair reversed in favor of the European currency, and a new consolidation occurred above the corrective level of 100.0% (1.0639). A new "bearish" divergence of the CCI indicator favored the US currency, allowing the decline to continue towards 1.0639. Closing the pair's rate below this level will allow us to expect further decline towards the next Fibonacci level of 127.2%–1.0466. No new imminent divergences are observed at this time.

Commitments of Traders (COT) report:

This image is no longer relevant

In the last reporting week, speculators opened 1649 long contracts and closed 2018 short contracts. The sentiment of major traders remains "bullish" but has noticeably weakened in recent weeks and months. The total number of long contracts speculators hold is 212 thousand, and short contracts are 123 thousand. The difference is already less than double, although a few months ago, the gap was threefold. The situation will continue to change in favor of bears. Bulls have dominated the market for too long, and now they need strong news to start a new "bullish" trend. Such a background currently needs to be present. Professional traders may continue to close long positions soon. The current figures allow for continuing the euro's decline in the coming months.

News Calendar for the US and the European Union:

European Union – ZEW Economic Sentiment Index in Germany (10:00 UTC).

European Union – GDP in the third quarter (10:00 UTC).

US – Consumer Price Index (CPI) (13:30 UTC).

On November 14, the economic events calendar contains at least two important entries. The impact of the news background on traders' sentiment on Tuesday may be of moderate strength.

EUR/USD Forecast and Trader Tips:

I do not recommend considering purchasing the pair at this time. There are no signals to buy now, and the movement is horizontal. I advised selling on consolidation below the level of 1.0714, with a target of 1.0644 and below. These trades can be kept open. It is also possible to sell on new rebounds from the level of 1.0714 with the same target.

Samir Klishi,
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
GBP/USD Analysis on May 16, 2025 The wave structure for the GBP/USD instrument continues to indicate the formation of a bullish impulsive wave sequence. "Thanks" to Donald Trump, the wave pattern closely mirrors that of EUR/USD
Chin Zhao
18:43 2025-05-16 +02:00
2050
Wave analysis
EUR/USD Analysis on May 16, 2025 The wave structure on the 4-hour chart for the EUR/USD pair has transformed into an upward one and continues to hold this formation. I believe there is little doubt that
Chin Zhao
18:40 2025-05-16 +02:00
1915
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

Trading Signals for EUR/USD for May 16-19, 2025: sell below 1.1230 (200 EMA - 6/8 Murray)

Early in the American session, the EUR/USD pair is trading around 1.1178, below the 200 EMA, and below the 21 SMA under bearish pressure. Having reached the 1.1270 area
Dimitrios Zappas 17:04 2025-05-16 UTC+2

Trading Signals for GOLD for May 16-19, 2025: sell below $3,211 -3,226 (200 EMA - 21 SMA)

The Eagle indicator is reaching oversold levels, so we believe that any pullback, as long as the gold price remains above the 4/8 Murray level, will be seen
Dimitrios Zappas 17:02 2025-05-16 UTC+2

USD/CAD. Analysis and Forecast

As of Friday, the USD/CAD pair is under pressure for the second consecutive day, driven by a combination of negative factors. Yesterday's weaker-than-expected U.S. macroeconomic data reinforced market expectations
Irina Yanina 11:28 2025-05-16 UTC+2

Forex forecast 16/05/2025: EUR/USD, USD/JPY, USD/CAD, Gold, Oil and Bitcoin

Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful
Sebastian Seliga 11:08 2025-05-16 UTC+2

US Dollar Index (DXY). Analysis and Forecast

The U.S. Dollar Index, which tracks the performance of the U.S. dollar against a basket of major currencies, continues to trade with a bearish bias for the second consecutive
Irina Yanina 10:56 2025-05-16 UTC+2

EUR/USD. May 16th. A Challenging Path for the Dollar

On Thursday, the EUR/USD pair twice declined toward the 127.2% Fibonacci level at 1.1181 and bounced off it both times, signaling a reversal in favor of the euro. This opens
Samir Klishi 10:21 2025-05-16 UTC+2

Forecast for GBP/USD on May 16, 2025

On the hourly chart, the GBP/USD pair on Thursday reversed once again in favor of the British pound and began a renewed move toward the resistance zone of 1.3344–1.3357
Samir Klishi 10:13 2025-05-16 UTC+2

EUR/USD Forecast for May 16, 2025

In yesterday's calm market, despite the release of various economic data from Europe and the U.S., the euro still managed to gain 13 pips. At the very least, this confirmed
Laurie Bailey 05:21 2025-05-16 UTC+2

GBP/USD Forecast for May 16, 2025

On Thursday, the UK released strong GDP data but failed to spark noticeable activity in the currency market, as the growth came solely from the services sector
Laurie Bailey 05:21 2025-05-16 UTC+2

USD/JPY Forecast for May 16, 2025

Friday may mark the fourth consecutive day of a bearish (black) daily candle. The last time this pattern occurred was from February 3–6. In that instance—and the two previous occurrences—a
Laurie Bailey 05:07 2025-05-16 UTC+2

Top analytics

Relevance up to 11:00 2025-05-30 UTC--4
Trading Signals for GOLD for May 16-19, 2025: sell below $3,211 -3,226 (200 EMA - 21 SMA)
17:02 2025-05-16
Technical analysis
Relevance up to 11:00 2025-05-30 UTC--4
Trading Signals for EUR/USD for May 16-19, 2025: sell below 1.1230 (200 EMA - 6/8 Murray)
17:04 2025-05-16
Technical analysis
Relevance up to 04:00 2025-05-21 UTC--4
Japan on the Brink of Recession
11:00 2025-05-16
Fundamental analysis
Relevance up to 06:00 2025-05-19 UTC--4
US Market News Digest for May 16
13:20 2025-05-16
News
Relevance up to 03:00 2025-05-18 UTC--4
Market gets lost in crowd
11:40 2025-05-16
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.