empty
18.06.2025 05:49 AM
EUR/USD Forecast for June 18, 2025

On the final day before the Federal Reserve meeting, the euro could not withstand the broad market risk-off sentiment and dropped by 80 pips, halting at the MACD line on the daily chart. We anticipate dovish or even explicitly dovish signals from today's Fed release and Jerome Powell's remarks.

This image is no longer relevant

We do not even rule out a rate cut, despite the market pricing in a 97.9% chance of the rate being held unchanged. Still, we note that over the past week, the probability of a 25-basis-point cut has increased from 1.8% to 2.1%, and the yield curve divergence in government bonds has become more pronounced compared to a week ago. Moreover, the Middle East conflict could serve as a convenient reason for the Fed to lower rates "without regard for Trump" or currency speculators. If this happens, the dollar and the stock market may move in opposite directions — the dollar continues declining while the S&P 500 undergoes a downward correction.

This image is no longer relevant

On the H4 chart, the price has formed a flag — a classic trend continuation pattern. To confirm this signal, the pair must consolidate above the resistance level of 1.1535, which would also signify a breakout above the MACD line. Now, we just have to wait for the Fed's decision.

Seleccione el marco de tiempo
5
min
15
min
30
min
1
hora
4
horas
1
día
1
s.
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el 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.