empty
16.06.2025 12:08 PM
EUR/USD. Analysis and Forecast

This image is no longer relevant

Today, the EUR/USD pair is attempting to regain positive momentum, approaching the psychological level of 1.600 and price levels last seen in 2021.

Traders are eagerly awaiting the important political decision from the FOMC, scheduled for Wednesday. This event will be a key factor in determining the future direction of the U.S. dollar.

Investors anticipate that the Federal Reserve may resume its rate-cutting cycle as early as September. Such a scenario could reduce the attractiveness of the U.S. dollar and limit its upside, especially if the market expects a more dovish policy stance.

At the same time, a hawkish signal from the European Central Bank indicating that the end of its rate-cutting cycle is near creates a positive backdrop for the euro. This could support the EUR/USD pair and help strengthen the European currency against the dollar.

From a technical perspective, the upward movement observed over the past several months indicates a solid short-term bullish trend, favoring the bulls. Moreover, oscillators on the daily chart remain in positive territory, suggesting that the path of least resistance for the EUR/USD pair is to the upside. Therefore, any corrective pullback can be viewed as a buying opportunity.

Meanwhile, the psychological level of 1.1500 is shielding the pair from immediate downside, followed by support at 1.1448. Next comes the 1.1450 level and the round number 1.400. A convincing break below this range would be a turning point, dragging the EUR/USD pair down toward the support zone of 1.1370–1.1340.

On the other hand, the 1.1585 level, followed by the key 1.1600 level and the multi-year high near 1.1630 reached last Thursday, present resistance. A breakout above the 1.1655–1.1660 level will be viewed as a new trigger for bulls, allowing the EUR/USD pair to aim for the next round level of 1.1700.

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

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.