empty
02.04.2025 04:49 AM
EUR/USD Forecast for April 2, 2025

By the end of yesterday, the euro fell by 25 pips, but risk appetite in the market continued to grow: the S&P 500 rose 0.38%, the yield on 5-year U.S. government bonds held steady for the third day at 3.95%, and the dollar index posted a symbolic gain of just 0.03%. However, PMI indexes from both the eurozone and the U.S. favored the American economy, and as expected, investors reacted accordingly, mainly ignoring the eurozone's drop in unemployment and inflation figures. The eurozone's Manufacturing PMI rose from 47.6 to 48.6 (below the forecast of 48.7), while the U.S. Manufacturing PMI dropped from 52.7 to 50.2, better than the expected 49.8.

Markets (if you believe the U.S. Democratic media) assume the reciprocal tariffs will harm the U.S. more, as Europe is expected to benefit from increased infrastructure and military spending. However, we do not support this view. Broader infrastructure projects began developing in the U.S. much earlier—during Obama's last presidential term—and in May, a decisive new phase of QE by the U.S. Treasury is set to begin to boost domestic manufacturing. This plan was delayed under Biden, and Trump now intends to compensate for lost time. We believe the real economy, as reflected in the PMI data, remains optimistic. Friday's U.S. employment data for March will carry strategic weight.

This image is no longer relevant

On the daily chart, the signal line of the Marlin oscillator is starting to wind around the zero line. Price may consolidate above the 1.0762 support level. Risk appetite and buying pressure for the euro remain strong, so we maintain our scenario of a rise toward 1.0955 and potentially to 1.1027 as the main outlook. A sustained move below 1.0762 could still push the price down to 1.0667.

This image is no longer relevant

On the H4 chart, the Marlin oscillator is also neutral, while the price is developing above the balance line (red MA). The pair could gradually decline to the 1.0762 support without breaking below the balance line, then rebound and head higher through the MACD line. Whether the rally begins from current levels or a rebound off support, the condition for further growth will be a consolidation above the MACD line. Today, this level is at 1.0816. Tomorrow, it could shift to 1.0800.

Laurie Bailey,
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

Forecast for EUR/USD on May 20, 2025

On Monday, the EUR/USD pair reversed in favor of the euro and returned for the third time to the resistance zone of 1.1265–1.1282. A new rebound from this zone

Samir Klishi 11:29 2025-05-20 UTC+2

Forecast for GBP/USD on May 20, 2025

On the hourly chart, the GBP/USD pair on Monday reversed in favor of the British pound and consolidated above the resistance zone of 1.3344–1.3357, which had previously posed serious difficulties

Samir Klishi 11:22 2025-05-20 UTC+2

Forex forecast 20/05/2025: EUR/USD, AUD/USD, USD/JPY, Ethereum and Bitcoin

Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful

Sebastian Seliga 10:25 2025-05-20 UTC+2

Technical Analysis of Intraday Price Movement of USD/CAD Commodity Currency Pairs, Tuesday May 20, 2025.

If we look at the 4-hour chart of the USD/CAD commodity currency pair, it appears that there is a Divergence between its price movement and the Stochastic Oscillator indicator

Arief Makmur 08:19 2025-05-20 UTC+2

Technical Analysis of Daily Price Movement Platinum Commodity Instrument, Tuesday May 20, 2025.

With the appearance of Convergence between the price movement of the Platinum commodity instrument with the Stochastic Oscillator indicator and supported by its price movement moving above the WMA (210)

Arief Makmur 08:19 2025-05-20 UTC+2

EUR/USD Forecast for May 20, 2025

Following Moody's downgrade of the U.S. credit rating from AAA to Aa1 on Friday, yesterday saw downgrades of major U.S. banks as well—Bank of America, JPMorgan, and Wells Fargo—from

Laurie Bailey 05:08 2025-05-20 UTC+2

GBP/USD Forecast for May 20, 2025

The British pound closed Monday with an 81-pip gain. The price consolidated above the 1.3311 resistance level and is now heading toward 1.3433. A breakout above this level opens

Laurie Bailey 05:08 2025-05-20 UTC+2

EUR/CAD Forecast for May 20, 2025

With a strong upward move yesterday, the EUR/CAD pair broke above both indicator lines (balance and MACD ) and the 200% Fibonacci reaction level. Today's session also opened above these

Laurie Bailey 05:08 2025-05-20 UTC+2

Oil Forecast for May 20, 2025

Yesterday's rise in oil was technically weak—neither the MACD line nor the embedded line of the descending price channel was reached. The daily close occurred below the balance line

Laurie Bailey 05:08 2025-05-20 UTC+2

EUR/USD. Analysis and Forecast

At the start of the new week, the EUR/USD pair has gained upward momentum on the back of a weaker US dollar. From a technical standpoint, last week's break below

Irina Yanina 17:58 2025-05-19 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.