empty
06.01.2025 06:13 PM
Trading Signals for EUR/USD for January 6-8, 2025: sell below 1.0425 (21 SMA - 200 EMA)

This image is no longer relevant

Early in the American session, EUR/USD was trading around 1.0411 reaching the top of the downtrend channel forming since November 22nd.

During the European session, the euro had a strong bullish rally reaching a high of 1.0426. Given that the euro is below the downtrend channel, we believe that a technical correction could occur in the next few hours. So, we will look for opportunities to sell below 1.0425 with the target at the 21 SMA located at 1.0324.

We could expect the instrument to reach the psychological level of 1.005. EUR/USD could even reach 7/8 Murray at 1.0620.

Our outlook remains negative for the euro. So, below 1.0496, we will look for opportunities to sell EUR/USD in the short term with the target at 1.0250.

Dimitrios Zappas,
Analytical expert of InstaForex
© 2007-2025
Summary
Urgency
Analytic
Dimitrios Zappas
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

EUR/USD Forecast for August 1, 2025

Yesterday, markets saw a broad retreat from risk assets: the S&P 500 declined by 0.37%, the U.S. Dollar Index rose by 0.16%, and oil fell by 0.90%. Yields on government

Laurie Bailey 04:52 2025-08-01 UTC+2

GBP/USD Forecast for August 1, 2025

Yesterday, the British pound spent the day within the expected range of 1.3206–1.3265, closing the day with a black candlestick, while today opened below the lower boundary of that range

Laurie Bailey 04:50 2025-08-01 UTC+2

EUR/JPY Forecast for August 1, 2025

The EUR/JPY pair has fallen sharply from the upper boundary of the price channel, almost at the same time as the Marlin oscillator entered negative territory (daily chart). Yesterday

Laurie Bailey 04:42 2025-08-01 UTC+2

Forecast for EUR/USD on July 31, 2025

On Wednesday, the EUR/USD pair continued its decline after rebounding from the 100.0% Fibonacci retracement level at 1.1574. By the end of the day, the pair closed below the 76.4%

Samir Klishi 13:23 2025-07-31 UTC+2

Forecast for GBP/USD on July 31, 2025

On the hourly chart, GBP/USD rebounded on Wednesday from the resistance zone of 1.3357–1.3371, reversed in favor of the U.S. dollar, and fell below the 127.2% Fibonacci retracement level

Samir Klishi 13:21 2025-07-31 UTC+2

EUR/USD. Indicator Analysis on July 31, 2025

On Wednesday, the pair moved downward, reaching the 161.8% level at 1.1413 (red dotted line), and closed the daily candle at 1.1404. Today, the price is expected to begin

Stefan Doll 13:09 2025-07-31 UTC+2

Forex forecast 31/07/2025: EUR/USD, USD/JPY, GBP/USD, SP500, 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 10:02 2025-07-31 UTC+2

The Nasdaq 100 Index will attempt to test its nearest resistance level today, Thursday, July 31, 2025.

Nasdaq 100 Index – Thursday, July 31, 2025. With the Golden Cross of the 50-day (EMA)50 and (EMA)200 and the position of RSI (14)in an Extreme Bullish condition, the Nasdaq

Arief Makmur 08:03 2025-07-31 UTC+2

The potential for weakness in EUR/GBP remains open today, Thursday, July 31, 2025.

EUR/GBP – Thursday, July 31, 2025. With the 50-day moving average (EMA) condition below the 200-day moving average (EMA) and supported by the appearance of "Hidden Divergence" from

Arief Makmur 08:02 2025-07-31 UTC+2

Trading Signals for EUR/USD for July 31 - August 02, 2025: buy above 1.1400 (21 SMA - 6/8 Murray)

If the euro continues its downtrend, it could reach the 5/8 Murray level at 1.1352. This level could provide an opportunity for a technical rebound, as the indicators are showing

Dimitrios Zappas 07:26 2025-07-31 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.