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The EUR/USD pair is moving around the base of the downward cycle, where a sideways range has formed. The support level is at 1.0600, while the peak of this sideways.
Hot forecast for EUR/USD on April 18, 2024
In the absence of economic reports or other news that could affect the market, investors finally paid attention to the dollar's overbought condition. So, there was nothing to prevent.
Hot forecast for EUR/USD on April 15, 2024
So, the European Central Bank has confirmed its intention to start cutting rates in June, which has become the fundamental reason why the euro is falling. And while.
Hot forecast for EUR/USD on April 8, 2024
Something strange and peculiar is happening in the market. For instance, on Wednesday, the pair sharply grew after the eurozone inflation data, but then it completely reversed all that movement.
Hot forecast for EUR/USD on April 3, 2024
The market's main concern is who will be the first to start lowering interest rates? And with just a quick glance at the euro's chart, it's clear that it should.
Hot forecast for GBP/USD on March 28, 2024
Let's call a spade a spade - the market is stagnant. This is mostly due to the empty economic calendar, which is quite standard for the final week.
Hot forecast for EUR/USD on March 25, 2024
Although the single currency is still moving downward, it is not as active as it was before. In general, we believe that the pair is only following the previous momentum.
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This section is updated daily and contains market analysis prepared by professional analysts on behalf of InstaForex. Each of the specialists presents analytical reviews in accordance with his/her vision of the current situation on the foreign exchange and other markets. However, the outlooks below are neither recommendations nor instructions to any actions. They contain analysis of the current situation on financial markets. In some cases, analysts' opinions about current market conditions may differ.