empty
28.03.2025 11:45 AM
EUR/USD. Analysis and Forecast

This image is no longer relevant

Today, the EUR/USD pair is consolidating near the key psychological level of 1.0800, showing no intention of retreating below 1.0780 as traders and investors await the release of the U.S. PCE (Personal Consumption Expenditures) Price Index.

This image is no longer relevant

This data will be closely watched for clues on the Federal Reserve's next steps, which are expected to significantly influence the dollar's short-term dynamics and potentially give new momentum to the EUR/USD pair.

Recent developments, including the introduction of 25% tariffs on imported cars and light trucks by U.S. President Donald Trump, along with duties on all steel and aluminum, have created market uncertainty and contributed to the weakening of the U.S. Dollar Index. This, in turn, is supporting the EUR/USD pair, especially in light of the Fed's forecasts for interest rate cuts. At the same time, a slight trade shift is preventing the dollar from extending its retreat from multi-week highs, limiting EUR/USD's upward potential.

This image is no longer relevant

Nevertheless, a significant strengthening of the U.S. dollar appears unlikely for now, amid concerns that Trump's aggressive trade policies could slow U.S. economic growth, potentially forcing the Fed to resume rate cuts soon. Markets have already priced in the likelihood of the Federal Reserve lowering borrowing costs at its monetary policy meetings in June, July, and October. This has kept dollar bulls on the defensive, helping to contain downside pressure on EUR/USD.

It is also worth noting that the EU is preparing retaliatory measures in response to U.S. tariffs, which could further escalate trade tensions and raise the risk of a trade war between the EU and the U.S., adding more pressure on the EUR/USD pair.

From a technical perspective, if the pair holds above the 1.0780 level, it could open the door to further gains. However, the 1.0725 level or the 200-day SMA remains key support, and a break below it would likely lead to additional selling. Still, with oscillators on the daily chart holding firmly in positive territory, the path of least resistance remains to the upside—especially if prices break through the 1.0800 mark.

The current situation calls for close monitoring, particularly in light of upcoming economic data and speeches from FOMC members.

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

No News Is Already Good News

Trade negotiations between the United States and China are set to continue for a second day, as both sides aim to ease tensions surrounding technology exports and rare earth elements

Jakub Novak 11:19 2025-06-10 UTC+2

EUR/USD. Analysis and Forecast

Today, the EUR/USD pair is under pressure, having failed to consolidate above the 1.1435 level and showing intraday declines toward the psychological level of 1.1400 and below, amid U.S. dollar

Irina Yanina 10:45 2025-06-10 UTC+2

Markets Hope for a Breakthrough in U.S.-China Trade Talks (Gold and GBP/USD May Continue Declining)

Markets have virtually come to a standstill in anticipation of the outcome of the trade negotiations between representatives of China and the United States. So far, there have been

Pati Gani 10:44 2025-06-10 UTC+2

The ECB Is Ready to Wait

The euro and the pound remain within a range against the U.S. dollar, experiencing some pressure following the first day of negotiations between China and the U.S. However, in addition

Jakub Novak 10:27 2025-06-10 UTC+2

The Market Lights Up New Stars

Nothing lasts forever under the moon. While markets advance gradually, investors closely monitor the competition among the world's most valuable companies. NVIDIA and Microsoft take turns leading, while Apple lingers

Marek Petkovich 09:30 2025-06-10 UTC+2

What to Pay Attention to on June 10? A Breakdown of Fundamental Events for Beginners

There are a few macroeconomic reports scheduled for Tuesday. The economic event calendars for both the Eurozone and the United States are empty, while the UK will release reports that

Paolo Greco 06:40 2025-06-10 UTC+2

GBP/USD Overview – June 10: A New Trial for Trump

The GBP/USD currency pair showed no interesting movements on Monday. However, given the current situation in the U.S., it's hard to envision any growth for the dollar. It turns

Paolo Greco 04:11 2025-06-10 UTC+2

EUR/USD Overview – June 10: Riots, Protests, Unrest

The EUR/USD currency pair traded very sluggishly on Monday. That's unfortunate because the news background becomes more interesting each day. This time, the news was not about trade tariffs

Paolo Greco 04:11 2025-06-10 UTC+2

EUR/USD: Calm Before the Storm? The Market Awaits News from London

The EUR/USD pair continues to trade within a 100-pip price range of 1.1350–1.1450, bouncing between its boundaries. Buyers are trying to hold within the 1.14 area, while sellers

Irina Manzenko 00:38 2025-06-10 UTC+2

The Dollar Feels Its Strength

A strong economy means a strong currency. In early June, the U.S. economy began to look strong again. EUR/USD bears anticipate a correction in the current upward trend, prompted

Marek Petkovich 00:38 2025-06-10 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.