empty
27.03.2025 10:58 AM
EUR/USD. Analysis and Forecast

This image is no longer relevant

Today, the EUR/USD pair is gaining some positive traction, breaking a six-day losing streak.

The bullish momentum is lifting spot prices toward the 1.0785 level, marking a new daily high. The upward movement is supported by a weakening U.S. dollar, which has pulled back from a three-week high, creating a more optimistic outlook for the euro.

This image is no longer relevant

Recent actions by U.S. President Donald Trump—including the introduction of 25% tariffs on imported cars, light trucks, and all steel and aluminum, as well as upcoming reciprocal tariffs on April 2—are generating market uncertainty and contributing to the decline of the U.S. Dollar Index. This, in turn, is supporting the EUR/USD pair, particularly against the backdrop of the Federal Reserve's forecast for two 25 basis point rate cuts by the end of the year.

Additionally, the European Union is preparing retaliatory measures in response to U.S. tariffs, which could escalate trade tensions and increase the risk of a full-scale trade war between the EU and the U.S. This keeps traders cautious about taking aggressive long positions in the euro. Moreover, today's softer tone in the equity markets may lend support to the U.S. dollar as a safe haven, limiting the upward potential for EUR/USD.

To identify better trading opportunities, attention should be paid to the release of the U.S. Q4 GDP report, weekly initial jobless claims data, and pending home sales figures. Furthermore, speeches by key FOMC members may inject volatility into the U.S. dollar, providing some momentum to EUR/USD. However, the main focus remains on Friday's release of the U.S. Core Personal Consumption Expenditures (PCE) Price Index.

Technical Outlook: If the pair can hold above the 1.0780 level and break through the psychological barrier at 1.0800, this would pave the way for further gains. However, support at 1.0725—where the 200-day SMA currently lies—remains crucial. A break below that could trigger additional selling pressure. The next support is at the 1.0700 level, followed by the 100-day EMA near 1.0620. Still, as long as the oscillators on the daily chart remain in positive territory, the EUR/USD pair appears determined to hold its ground.

USD Performance Overview: The table below shows the percentage change of the U.S. dollar against the major listed currencies for today.

This image is no longer relevant

The U.S. dollar has been strongest against the Canadian dollar.

This image is no longer relevant

Irina Yanina,
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

AUD/JPY. Analysis and Forecast

The current technical and fundamental setup for the AUD/JPY pair points to short-term pressure from the Japanese yen. However, fundamental factors favoring the Australian dollar help maintain the pair's upside

Irina Yanina 11:28 2025-05-14 UTC+2

USD/JPY. Analysis and Forecast

At the moment, the Japanese yen is showing positive momentum against the U.S. dollar for the second consecutive day.The key factor supporting the Japanese currency has been hawkish comments from

Irina Yanina 11:28 2025-05-14 UTC+2

The Market Is Changing the Rules of the Game

Don't go against the crowd. According to Goldman Sachs and the Federal Reserve, individual investors held $35 trillion worth of U.S. stocks at the end of 2024, equivalent to 38%

Marek Petkovich 09:32 2025-05-14 UTC+2

What to Pay Attention to on May 14? A Breakdown of Fundamental Events for Beginners

There are very few macroeconomic events scheduled for Wednesday. The only item of note is the second estimate of Germany's Business Activity Index for April. Second estimates typically

Paolo Greco 06:11 2025-05-14 UTC+2

GBP/USD Overview – May 14: Only the Trade Deal Matters

On Tuesday, the GBP/USD currency pair also ended what could only be called disgrace — its decline. On Monday, the U.S. dollar strengthened quite well following a successful first round

Paolo Greco 03:52 2025-05-14 UTC+2

EUR/USD Overview – May 14: The Music Didn't Last Long

The EUR/USD currency pair experienced upward movement for most of Tuesday. One gets used to good news quickly, and the market expected further strengthening of the U.S. dollar. We anticipated

Paolo Greco 03:52 2025-05-14 UTC+2

EUR/USD. And Then They Woke Up: Market Euphoria Over the U.S.-China Trade Truce Fades

The currency market's initial euphoria following the announcement of a temporary trade truce between the U.S. and China has now faded. The early optimism has given way to the sobering

Irina Manzenko 01:23 2025-05-14 UTC+2

Inflation Does the Dollar a Bearish Disservice

One of the few indicators the market occasionally pays attention to is U.S. inflation. After Donald Trump introduced trade tariffs, economists immediately started discussing rising inflation. This conclusion is logical

Chin Zhao 01:14 2025-05-14 UTC+2

The Euro Prepares for Retaliation

Man proposes, God disposes. After the White House imposed strict tariffs on America's Independence Day, there was much discussion about rising inflation and a slowing U.S. economy. However, instead

Marek Petkovich 00:18 2025-05-14 UTC+2

USD/CHF. Analysis and Forecast

The USD/CHF pair is pulling back from the monthly high reached yesterday. This retreat is driven by a technical correction following a strong upward move. The U.S. Dollar Index, which

Irina Yanina 18:30 2025-05-13 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.