Created
: 2025.03.25
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
EUR/USD Price Forecast: Retakes 1.0800 mark; seems vulnerable while below 23.6% Fibo.
World FX news
Breaking news
EUR/USD Price Forecast: Retakes 1.0800 mark; seems vulnerable while below 23.6% Fibo.
New
2025.03.25 13:43
2025.03.25 13:43
2025.03.25 13:43
- EUR/USD stages a modest recovery from over a two-week low touched the previous day.
- The technical setup seems tilted in favor of bears and supports prospects for deeper losses.
- A sustained move beyond the overnight swing high is needed to negate the negative bias.
The EUR/USD pair attracts some buyers during the Asian session on Tuesday and for now, seems to have snapped a four-day losing streak to over a two-week low, around the 1.0770 area touched the previous day. Spot prices reclaim the 1.0800 mark amid subdued US Dollar (USD) price action, though the uptick lacks bullish conviction.
From a technical perspective, the overnight breakdown and close below the 23.6% Fibonacci retracement level of the recent move up from the late February low was seen as a key trigger for bearish traders. This, in turn, supports prospects for an extension of the recent pullback from the year-to-date top touched earlier this week and a further downfall toward the 1.0725 confluence. The latter comprises the 38.2% Fibo. level and the very important 200-day Simple Moving Average (SMA), which, in turn, should act as a strong base for the EUR/USD pair amid mixed oscillators on the daily chart.
A convincing break below, however, will suggest that spot prices have topped out near the 1.0955 region and pave the way for deeper losses. The subsequent downfall could drag the EUR/USD pair below the 1.0700 round figure, towards the next relevant support near the 1.0655 area (50% Fibo.) en route to the sub-1.0600 levels, or the 61.8% Fibo. Some follow-through selling might then shift the bias in favor of bearish traders and expose the 100-day SMA, around the 1.0500 psychological mark, which also nears the 78.6% Fibo. level.
On the flip side, the overnight swing high, around the 1.0855 region, now seems to act as an immediate hurdle, above which a bout of a short-covering move could allow the EUR/USD pair to reclaim the 1.0900 round figure. The momentum could extend further towards retesting the multi-month peak, around the 1.0955 region, before spot prices eventually climb to the 1.1000 psychological mark for the first time since early October 2024.
EUR/USD daily chart
Euro FAQs
The Euro is the currency for the 19 European Union countries that belong to the Eurozone. It is the second most heavily traded currency in the world behind the US Dollar. In 2022, it accounted for 31% of all foreign exchange transactions, with an average daily turnover of over $2.2 trillion a day. EUR/USD is the most heavily traded currency pair in the world, accounting for an estimated 30% off all transactions, followed by EUR/JPY (4%), EUR/GBP (3%) and EUR/AUD (2%).
The European Central Bank (ECB) in Frankfurt, Germany, is the reserve bank for the Eurozone. The ECB sets interest rates and manages monetary policy. The ECB's primary mandate is to maintain price stability, which means either controlling inflation or stimulating growth. Its primary tool is the raising or lowering of interest rates. Relatively high interest rates - or the expectation of higher rates - will usually benefit the Euro and vice versa. The ECB Governing Council makes monetary policy decisions at meetings held eight times a year. Decisions are made by heads of the Eurozone national banks and six permanent members, including the President of the ECB, Christine Lagarde.
Eurozone inflation data, measured by the Harmonized Index of Consumer Prices (HICP), is an important econometric for the Euro. If inflation rises more than expected, especially if above the ECB's 2% target, it obliges the ECB to raise interest rates to bring it back under control. Relatively high interest rates compared to its counterparts will usually benefit the Euro, as it makes the region more attractive as a place for global investors to park their money.
Data releases gauge the health of the economy and can impact on the Euro. Indicators such as GDP, Manufacturing and Services PMIs, employment, and consumer sentiment surveys can all influence the direction of the single currency. A strong economy is good for the Euro. Not only does it attract more foreign investment but it may encourage the ECB to put up interest rates, which will directly strengthen the Euro. Otherwise, if economic data is weak, the Euro is likely to fall. Economic data for the four largest economies in the euro area (Germany, France, Italy and Spain) are especially significant, as they account for 75% of the Eurozone's economy.
Another significant data release for the Euro is the Trade Balance. This indicator measures the difference between what a country earns from its exports and what it spends on imports over a given period. If a country produces highly sought after exports then its currency will gain in value purely from the extra demand created from foreign buyers seeking to purchase these goods. Therefore, a positive net Trade Balance strengthens a currency and vice versa for a negative balance.
Last updated
: 2025.03.25
Related articles
EUR/USD Price Analysis: Edges toward 1.0830 as bullish momentum builds post-Europe
15 minutes agoGBP/USD steadies near 1.2950 as traders digest PCE figures, tariff turmoil
50 minutes agoFed's Daly: Two rate cuts this year seems "reasonable"
2025.03.28 23:45EUR/GBP is trading below the MA at 0.8380 - Société Générale
2025.03.28 22:52USD/JPY remains under pressures near 150.50, US core PCE Inflation heats up
2025.03.28 22:52US Dollar steadies as markets look for fresh clues in the US PCE inflation release
2025.03.28 20:54
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
Was this article helpful?
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Thank you for your feedback.
Thank you for your feedback.
Most viewed
EUR/USD Price Analysis: Edges toward 1.0830 as bullish momentum builds post-Europe
EUR/USD extended its upward trajectory on Friday, moving near the 1.0830 region after the European session and toward the upper end of the day's trading range.
New
2025.03.29 01:01GBP/USD steadies near 1.2950 as traders digest PCE figures, tariff turmoil
The Pound Sterling remains firm, hovering around 1.2950 against the US Dollar, virtually unchanged, as traders digest the latest inflation report from the United States (US), amid uncertainty about a potential trade war escalation following Trump's imposition of tariffs on cars.
New
2025.03.29 00:25Fed's Daly: Two rate cuts this year seems "reasonable"
San Francisco Fed President Mary Daly maintains that two rate cuts this year remain a reasonable projection, but with robust economic indicators, policymakers can hold off on reducing rates until they evaluate how businesses adapt to tariff costs.
New
2025.03.28 23:45Silver Price Forecast: XAG/USD refreshes five-month high near $34.60 on global trade concerns
Silver price (XAG/USD) posts a fresh five-month high near $34.60 in North American trading hours on Friday.
New
2025.03.28 23:36EUR/GBP is trading below the MA at 0.8380 - Société Générale
EUR/GBP attempted a cross above its 200-DMA earlier this month but has faced strong resistance near 0.8450 and has once again dipped below the MA (0.8380), Société Générale's FX analysts note.
New
2025.03.28 22:52USD/JPY remains under pressures near 150.50, US core PCE Inflation heats up
The USD/JPY pair is down more than 0.3% near 150.50 in North American session on Friday.
New
2025.03.28 22:52US Dollar steadies as markets look for fresh clues in the US PCE inflation release
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, is currently flat to slightly higher near 104.50 at the time of writing on Friday.
New
2025.03.28 20:54Market does not expect US import tariffs on crude oil from Canada and Mexico - Commerzbank
The postponement of US import tariffs on certain goods from Canada and Mexico granted by US President Trump at the beginning of March will end next Wednesday, Commerzbank's commodity analyst Carsten Fritsch notes.
New
2025.03.28 20:48EUR/USD to consolidate around 1.08-1.09 with upside risks - Danske Bank
EUR/USD holds around 1.08 as Trump imposes auto tariffs and signals lenient reciprocal measures, Danske Bank's FX analyst Jesper Fjärstedt reports.
New
2025.03.28 20:43US natural gas storage rises - ING
US natural gas prices traded under pressure as the US witnessed its second straight week of inventory injection while weather forecasts remained mixed, ING's commodity experts Ewa Manthey and Warren Patterson note.
New
2025.03.28 20:38Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy
