empty
03.06.2025 05:17 AM
Forecast for EUR/USD on June 3, 2025

Risk appetite on Monday was widespread: the S&P 500 rose by 0.41%, oil by 1.71%, gold by 2.37%, the dollar index dropped by 0.63%, and the yield on 5-year US government bonds increased from 3.96% to 4.00%. This collective movement pushed the euro above the target level of 1.1420, opening the way to the next target at 1.1535. We expect this level to be broken and further growth toward 1.1692. We will prepare for a correction if a reversal pattern forms around 1.1692.

This image is no longer relevant

Today started with a slight decline due to worsening Australian data: gross company profits in Q1 fell by 0.5% against expectations of a 1.4% increase, and the current account balance worsened from -12.5 billion dollars to -14.7 billion.

However, inflation data for the eurozone for May will be released later today, with a forecast of 2.0% y/y (CPI) versus 2.2% y/y in April. This, combined with the already heated market anticipating a rate cut, will only increase pressure on the euro. Meanwhile, US factory orders for April are forecast to fall by 3.1%. Adding to this the sharp deterioration in US-China relations early in the week (with Trump suddenly threatening secondary sanctions on Huawei) and the stalled negotiations with Europe, the euro's position could improve. The key here is not to miss the moment when investor resolve breaks and the anti-risk paradigm shifts (making the US dollar a safe haven again).

This image is no longer relevant

On the four-hour chart, the price has consolidated above the 1.1420 level. Growth is developing above both indicator lines, and the Marlin oscillator is rising in positive territory.

Laurie Bailey,
Analytical expert of InstaForex
© 2007-2025
Summary
Urgency
Analytic
Yuriy Zaycev
Start trade
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 16/07/2025: EUR/USD, GBP/USD, USDX, Gold and Ethereum

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 14:00 2025-07-16 UTC+2

USD/JPY. Analysis and Forecast

From a technical standpoint, yesterday's breakout above the key psychological level of 148.00—also the June high—and the subsequent move above the May high around 148.65 can be seen

Irina Yanina 13:05 2025-07-16 UTC+2

Forecast for EUR/USD on July 16, 2025

On Tuesday, the EUR/USD pair continued its decline, dropping sharply by 85 points. A firm close below the 1.1645 level allows us to expect a further fall toward the next

Samir Klishi 12:22 2025-07-16 UTC+2

GBP/USD. July 16th. Inflation in the UK Continues to Rise

On the hourly chart, the GBP/USD pair continued to decline on Tuesday toward the 100.0% retracement level at 1.3371. A rebound from this level or a consolidation above 1.3425 will

Samir Klishi 12:12 2025-07-16 UTC+2

AUD/USD has the potential to continue its decline to the Support level. 1, Wednesday, July 16, 2025.

AUD/USD - Wednesday, July 17, 2025. Sellers are currently dominant in the AUD/USD commodity currency pair, as indicated by a Death Cross on the 50-day moving average (EMA) below

Arief Makmur 07:53 2025-07-16 UTC+2

Although USD/JPY has the potential to correct to its Pivot Point level, it still has the potential to strengthen again on Wednesday, July 16, 2025.

USD/JPY – Wednesday, July 17, 2025. Although there is a divergence between the RSI(14) indicator and the USD/JPY price movement, with the 50 EMA still forming a Golden Cross above

Arief Makmur 07:53 2025-07-16 UTC+2

Trading Signals for EUR/USD for July 17-20, 2025: buy above 1.1596 (200 EMA - 7/8 Murray)

If the euro sharply breaks out of the uptrend channel and consolidates above 1.1700, the outlook for the euro could be positive. Thus, we would expect a recovery that could

Dimitrios Zappas 07:08 2025-07-16 UTC+2

Trading Signals for GOLD (XAU/USD) for July 17-20, 2025: buy above $3,300 (21 SMA - 5/8 Murray)

The eagle indicator is showing a positive signal. However, there is bearish pressure, so we must be cautious, as gold could continue its fall in the coming days. A technical

Dimitrios Zappas 07:05 2025-07-16 UTC+2

EUR/USD Forecast for July 16, 2025

Yesterday's U.S. inflation data strengthened the dollar (U6 index) by 0.56%. The CPI for June rose from 2.4% y/y to 2.7% y/y, while core CPI came in at 2.9% y/y

Laurie Bailey 06:11 2025-07-16 UTC+2

GBP/USD Forecast for July 16, 2025

On Tuesday, the British pound declined by 42 points and nearly reached the target support level at 1.3369. Today, the UK will release June inflation data. Both the core

Laurie Bailey 06:11 2025-07-16 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.