empty
30.01.2023 10:25 AM
EURUSD: Expecting surprises

This image is no longer relevant

EURUSD

The euro has been in a narrow range below 1.0900 since January 23. Consolidation under the resistance line on the way up.

Technically, this is preparation for a breakthrough to the upside.

Fundamentals: the Federal Reserve's rate decision will be released on Wednesday, February 1, expect a +0.25% increase.

Immediately after that the European Central Bank's decision will be announced on Thursday and the expectation is that the rate will remain unchanged.

The NonFarm Payrolls report are due on Friday.

What will happen to the euro? Objectively, if the ECB refuses to continue its rate hike and raises the dollar rate, it would be logical to see the euro fall. However, optimism from the improving prospects of the EU economy when the ECB refuses to raise rates might allow the euro to show new highs up to 1.1000 or somewhat higher.

In my opinion, the euro could sharply fall from the current levels and after a quick rise to 1.1000-1.1080.

Jozef Kovach,
Analytical expert of InstaForex
© 2007-2025
Summary
Urgency
Analytic
Mihail Makarov
Start trade
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

Dollar at risk of explosion

Hour by hour, the situation grows more complicated. First, Donald Trump was raising tariffs; now the current US president is cutting them. Seeking to slow inflation, the White House plans

Marek Petkovich 15:13 2025-11-14 UTC+2

EUR/JPY. Analysis and Forecast

The EUR/JPY pair is consolidating after six days of gains. At the moment, spot prices are trading slightly below the psychological level of 180.00 and appear ready for further growth

Irina Yanina 11:16 2025-11-14 UTC+2

EUR/USD. Analysis and Forecast

Today, the EUR/USD pair is trading in a narrow range, consolidating the recent strong rally toward the more-than-two-week high reached the day before. The US dollar is attracting active sellers

Irina Yanina 11:12 2025-11-14 UTC+2

The pound continues to be on edge, and there are reasons for it

It seemed that everyone had already come to terms with the idea that the UK budget would partly rely on new taxes imposed on the population, when yesterday, UK Chancellor

Jakub Novak 10:59 2025-11-14 UTC+2

Market suffers major sell-off

Buy the rumor, sell the fact. This time-tested principle has knocked the S&P 500 out. The broad stock index found itself in the worst wave of sell-offs in a month

Marek Petkovich 08:58 2025-11-14 UTC+2

Why Gold Continues to Show Strength

Yesterday, gold prices rose, preparing for the best week in the last month as traders grappled with uncertainty surrounding the resumption of the U.S. government after a six-week hiatus

Miroslaw Bawulski 08:44 2025-11-14 UTC+2

What to Pay Attention to on November 14? Analysis of Fundamental Events for Beginners

There are very few macroeconomic reports scheduled for Friday, and the market has been reacting very rarely to local news and macroeconomic reports in recent weeks. Thus, the Eurozone

Paolo Greco 06:07 2025-11-14 UTC+2

GBP/USD Overview. November 14. The Pound Ignores GDP, the Shutdown, Everything

The GBP/USD currency pair traded up throughout Thursday. Most traders likely wonder why. However, for those who regularly read our reviews, this question should not arise. Let's look

Paolo Greco 02:44 2025-11-14 UTC+2

EUR/USD Overview. November 14. The Shutdown is Over, the Dollar Has Fallen

The EUR/USD currency pair continued its upward movement on Thursday, which aligns perfectly with the overall fundamental backdrop but does not correspond to the news of the day. Let's clarify

Paolo Greco 02:44 2025-11-14 UTC+2

The Market Adjusts Its Sentiment Towards the Fed. Part 3

With questions about the Federal Reserve's future actions seemingly resolved, the focus now shifts to what to expect from the US dollar amid shifting expectations for monetary policy. This week

Chin Zhao 23:47 2025-11-13 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.