04.08.202505:10 Forex Analysis & Reviews: EUR/USD Forecast for August 4, 2025

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

The euro's 170-pip rally on Friday represented a 50% correction from the extremes observed between July 24 and August 1. While the technical picture has noticeably shifted, the core medium-term bearish scenario for the European currency remains intact.

We believe the correction is now complete, and the EUR/USD pair will attempt to reach the target support level at 1.1266, with pullbacks expected from intermediate levels.

On the four-hour chart, the price has consolidated above the MACD line, but for this move to be classified as a false breakout, a return below this line must occur.

This may be the euro's objective for the entire day, as the market likely needs time to cool down after such a sharp rally — especially given that today is a public holiday in both the UK and Canada.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.