empty
27.03.2025 10:58 AM
EUR/USD. Analysis and Forecast

This image is no longer relevant

Today, the EUR/USD pair is gaining some positive traction, breaking a six-day losing streak.

The bullish momentum is lifting spot prices toward the 1.0785 level, marking a new daily high. The upward movement is supported by a weakening U.S. dollar, which has pulled back from a three-week high, creating a more optimistic outlook for the euro.

This image is no longer relevant

Recent actions by U.S. President Donald Trump—including the introduction of 25% tariffs on imported cars, light trucks, and all steel and aluminum, as well as upcoming reciprocal tariffs on April 2—are generating market uncertainty and contributing to the decline of the U.S. Dollar Index. This, in turn, is supporting the EUR/USD pair, particularly against the backdrop of the Federal Reserve's forecast for two 25 basis point rate cuts by the end of the year.

Additionally, the European Union is preparing retaliatory measures in response to U.S. tariffs, which could escalate trade tensions and increase the risk of a full-scale trade war between the EU and the U.S. This keeps traders cautious about taking aggressive long positions in the euro. Moreover, today's softer tone in the equity markets may lend support to the U.S. dollar as a safe haven, limiting the upward potential for EUR/USD.

To identify better trading opportunities, attention should be paid to the release of the U.S. Q4 GDP report, weekly initial jobless claims data, and pending home sales figures. Furthermore, speeches by key FOMC members may inject volatility into the U.S. dollar, providing some momentum to EUR/USD. However, the main focus remains on Friday's release of the U.S. Core Personal Consumption Expenditures (PCE) Price Index.

Technical Outlook: If the pair can hold above the 1.0780 level and break through the psychological barrier at 1.0800, this would pave the way for further gains. However, support at 1.0725—where the 200-day SMA currently lies—remains crucial. A break below that could trigger additional selling pressure. The next support is at the 1.0700 level, followed by the 100-day EMA near 1.0620. Still, as long as the oscillators on the daily chart remain in positive territory, the EUR/USD pair appears determined to hold its ground.

USD Performance Overview: The table below shows the percentage change of the U.S. dollar against the major listed currencies for today.

This image is no longer relevant

The U.S. dollar has been strongest against the Canadian dollar.

This image is no longer relevant

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

XAU/USD. Analysis and Forecast

Today, gold is rising, trading near the all-time high reached the previous day, amid growing uncertainty surrounding the US-China trade wars. Gold is gaining ground today, remaining close

Irina Yanina 12:18 2025-04-15 UTC+2

USD/JPY. Analysis and Forecast

Today, the Japanese yen is struggling to extend its gains due to optimistic developments regarding trade negotiations and the postponement of tariffs. President Trump's statement about possible exemptions

Irina Yanina 12:08 2025-04-15 UTC+2

Trump Will Either Win or Lose. Is There No Middle Ground? (Potential Renewed Decline in #SPX and Bitcoin)

On Monday, markets calmed slightly amid Donald Trump's apparent backpedaling on the trade barriers he had imposed on America's trading partners. It gives the impression that the U.S. president

Pati Gani 09:46 2025-04-15 UTC+2

The Market Celebrates a Ceasefire

While there is still no peace in the trade conflict, a semblance of a ceasefire has appeared. The White House is beginning to frantically realize it has gone

Marek Petkovich 09:08 2025-04-15 UTC+2

What to Pay Attention to on April 15? A Breakdown of Fundamental Events for Beginners

Quite a few macroeconomic events are scheduled for Tuesday, but under the current circumstances, macroeconomic data mean little to the market. They might have a short-term local impact

Paolo Greco 06:29 2025-04-15 UTC+2

GBP/USD Overview. April 15: Trump Giveth, Trump Taketh Away

The GBP/USD currency pair continued its upward movement on Monday. As with the euro, there was no specific reason for the pair to decline. Of course, the current rally looks

Paolo Greco 03:57 2025-04-15 UTC+2

EUR/USD Overview. April 15: Who Found a Reason for Optimism?

The EUR/USD currency pair continued its upward movement on Monday. Despite the slower growth this time, the pair continues to rise. Yesterday saw a 50-pip increase; today, it's 250. What

Paolo Greco 03:57 2025-04-15 UTC+2

ECB Meeting: What to Expect?

This week, the ECB's meeting in April is happening, and the euro is in high spirits. The euro has been doing exceptionally well for at least two months—seemingly without much

Chin Zhao 00:35 2025-04-15 UTC+2

The Pound Forms a Top

The British economy grew by 0.5% in February, rebounding from no growth in January and significantly exceeding the forecast of +0.1%. This was the strongest growth in the last

Kuvat Raharjo 00:35 2025-04-15 UTC+2

EUR/USD: Northern Trend, Southern Pullbacks

The upward trend in the EUR/USD pair remains intact amid the overall weakness of the U.S. dollar. Significant downward pullbacks allow buyers to open long positions at more favorable prices

Irina Manzenko 00:35 2025-04-15 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.