empty
30.01.2025 05:01 AM
Forecast for EUR/USD on January 30, 2025

After the Federal Reserve meeting, which was notably neutral, the euro demonstrated a clear reluctance to lose ground, similar to other major markets. Overall, the day unfolded quietly. The lower shadow of the daily candle extended the euro's trading range to between 1.0350 and 1.0458. Since the lower boundary of this range is strengthened by the MACD line, the primary bearish scenario targeting 1.0135 is becoming increasingly challenging.

This image is no longer relevant

Today, however, we have the European Central Bank meeting. The market generally expects a 0.25% decrease in the main rates. Before the ECB's announcement, data on employment and GDP for the Eurozone will be released. Unemployment for December is anticipated to remain at November's level of 6.3%, while GDP growth is expected to be only 0.1%, down from 0.4% in Q3. Additionally, German GDP for Q4 may show a decline of 0.1%. Collectively, these events could potentially push the euro below the support level of 1.0350. A price consolidation below this level would open the target of 1.0135.

This image is no longer relevant

On the 4-hour chart, there is additional resistance at 1.0433, indicated by the MACD line. Considering both time frames cumulatively, the euro's position appears weaker than it was yesterday. We are awaiting the ECB's decision on monetary policy.

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

Forex forecast 21/02/2025: EUR/USD, GBP/USD, SP500 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 15:22 2025-02-21 UTC+2

Trading Signals for GOLD (XAU/USD) for February 21-24, 2025: buy above $2,933 (21 SMA - 6/8 Murray)

We believe that if the metal consolidates above 2,933 in the next few hours, we could expect it to continue rising until it reaches the 6/8 Murray located at 2,968

Dimitrios Zappas 13:52 2025-02-21 UTC+2

EUR/USD. February 21st. A Crucial Day for the Euro

On Thursday, the EUR/USD pair continued its upward movement following a rebound from the 61.8% Fibonacci retracement level at 1.0411. By the end of the day, the pair climbed towards

Samir Klishi 12:05 2025-02-21 UTC+2

GBP/USD. February 21st. The British Pound Receives Its First Positive Signal

On the hourly chart, the GBP/USD pair secured itself above the resistance zone of 1.2611–1.2642 on Thursday, allowing for expectations of further growth towards the next resistance area at 1.2709–1.2734

Samir Klishi 12:00 2025-02-21 UTC+2

EUR/USD and GBP/USD – February 21 Technical Analysis

During the first half of the week, bearish traders executed a corrective decline down to the daily short-term trend level at 1.0404. However, by the last working day, the currency

Evangelos Poulakis 07:22 2025-02-21 UTC+2

EUR/USD Forecast for February 21, 2025

On Thursday, the EUR/USD pair rose by 80 pips, decisively surpassing the resistance level at 1.0458. This move has established the range of 1.0534 to 1.0575 as a primary target

Laurie Bailey 03:48 2025-02-21 UTC+2

GBP/USD Forecast for February 21, 2025

By the end of yesterday's trading session, GBP/USD had gained 84 pips, successfully breaking through the resistance level at 1.2616 and paving the way toward 1.2708. If the price consolidates

Laurie Bailey 03:48 2025-02-21 UTC+2

Bitcoin Forecast for February 21, 2025

Bitcoin has chosen not to decline further toward key support levels. Instead, in response to the broader risk sentiment, it reversed from the lower boundary of the ascending price channel

Laurie Bailey 03:48 2025-02-21 UTC+2

EUR/USD – February 20th: FOMC Concerns Over Trump's Policies

On Wednesday, EUR/USD continued its downward movement, reaching the 61.8% Fibonacci retracement level at 1.0411. A rebound from this level would favor the euro's recovery towards 1.0458 and 1.0533. Conversely

Samir Klishi 10:45 2025-02-20 UTC+2

GBP/USD – February 20th: UK Inflation Fails to Support Bulls

On the hourly chart, GBP/USD rebounded for the third consecutive time from the 1.2611–1.2620 resistance zone, experiencing a slight decline toward the 61.8% Fibonacci retracement level at 1.2538. Today

Samir Klishi 10:42 2025-02-20 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.