empty
05.07.2021 04:34 PM
EUR/USD Hot Forecast for 5th July

This image is no longer relevant

EUR/USD is trading above 1.1850, marginally higher on the day. The dollar is retreating with US yields, in an extended response to Friday's Nonfarm Payrolls. Upbeat eurozone PMIs underpin the euro. Liquidity is thin due to a bank holiday in the US.

The latest Federal Reserve meeting in mid-June saw the Fed announce an unexpected hawkish shift. The Fed caught the market off-guard by announcing that it now expects two interest rate hikes in 2023, when before it didn't plan any until 2024. The move boosted the US Dollar which went on to hit a 3-month high.

EUR/USD trades within a bearish trend, below its steeply descending trendline dating back to early June.

The pair is attempting to cross above the descending trendline and the receding bearish picture on the MACD is keeping the buyer's hopeful. This can indicate that a bullish move is coming. Watch for a bullish crossover on the MACD, which could be forming.

However, it made a move over 1.1885 the July high and 1.19 round number to raise the prospect of a meaningful move higher and to bring 1.1975 back into the picture.

On the flip side, a move through 1.1850 could see the seller look to test 1.18 July low and round number ahead of a deeper sell off to 1.17 the year to date low.

Jan Novotny,
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

Forex forecast 19/05/2025: EUR/USD, GBP/USD, USD/JPY, USD/CAD, Gold, 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 10:52 2025-05-19 UTC+2

EUR/USD. May 19th. The Euro Remains Under Pressure

On Friday, the EUR/USD pair continued its moderate decline. A close below the 127.2% Fibonacci level at 1.1181 was recorded, but bears failed to build on that success. The current

Samir Klishi 10:45 2025-05-19 UTC+2

Forecast for GBP/USD on May 19, 2025

On the hourly chart, the GBP/USD pair continued to move sideways on Friday, fluctuating between the levels of 1.3205 and 1.3344. Following a rejection from the resistance zone of 1.3344–1.3357

Samir Klishi 10:36 2025-05-19 UTC+2

Technical Analysis of Intraday Price Movement of Gold Commodity Instrument, Monday May 19, 2025.

On the 4-hour chart, the Stochastic Oscillator indicator appears to be crossing BUY, coupled with the price movement moving above the WMA (21) and the appearance of a Bullish

Arief Makmur 07:58 2025-05-19 UTC+2

Technical Analysis of Intraday Price Movement of EUR/JPY Cross Currency Pairs, Monday May 19, 2025.

Although Sellers still dominate EUR/JPY on its 4-hour chart, this is confirmed by its price movement which is moving below the WMA (21) which also has a downward slope

Arief Makmur 07:58 2025-05-19 UTC+2

EUR/USD Forecast for May 19, 2025

On Friday, the euro failed to sustain its upward movement, but it also didn't fall below the daily-scale MACD indicator line—the day closed with a black candlestick, but still above

Laurie Bailey 07:00 2025-05-19 UTC+2

GBP/USD Forecast for May 19, 2025

On Friday, the British pound failed to break above the resistance level 1.3311. Even the "head and shoulders" pattern on the Marlin oscillator couldn't help—the price extended its sideways movement

Laurie Bailey 07:00 2025-05-19 UTC+2

USD/JPY Forecast for May 19, 2025

As of this morning, the USD/JPY pair has settled near a strong support level—the intersection of the MACD line with the target level at 145.08. If the price intends

Laurie Bailey 07:00 2025-05-19 UTC+2

Trading Signals for EUR/USD for May 16-19, 2025: sell below 1.1230 (200 EMA - 6/8 Murray)

Early in the American session, the EUR/USD pair is trading around 1.1178, below the 200 EMA, and below the 21 SMA under bearish pressure. Having reached the 1.1270 area

Dimitrios Zappas 17:04 2025-05-16 UTC+2

Trading Signals for GOLD for May 16-19, 2025: sell below $3,211 -3,226 (200 EMA - 21 SMA)

The Eagle indicator is reaching oversold levels, so we believe that any pullback, as long as the gold price remains above the 4/8 Murray level, will be seen

Dimitrios Zappas 17:02 2025-05-16 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.