empty
01.10.2024 08:37 AM
Hot Forecast for EUR/USD on October 1, 2024

Although Jerome Powell repeated his words during the press conference following the recent Federal Open Market Committee meeting, the dollar was actively rising. The head of the Federal Reserve didn't say anything new. However, the strengthening of the dollar began several hours before his speech and essentially ended before it even started. The reason is that other officials from the US central bank also spoke. And their rhetoric has changed somewhat. In particular, Raphael Bostic, who had previously clearly supported another 50 basis points cut in interest rates, suddenly made a reservation that this step would only be justified in case of a sharp deterioration in the labor market situation. This significantly increased the importance of the United States Department of Labor report, which will be published this Friday. However, given that no one expects a sudden spike in unemployment, such statements simultaneously reduced the likelihood of such a substantial interest rate cut. Thus, the strengthening of the US dollar became a logical development.

At the same time, there is a high probability that today, the dollar will continue to strengthen its position. This time, the reason will be the preliminary inflation data in the Eurozone, which indicates that consumer price growth may slow down from 2.2% to 1.8%. However, the dollar's growth will be limited because interest rates were already lowered by 60 basis points during the recent European Central Bank meeting. In other words, the ECB has already accounted for the further decline in inflation. Nevertheless, inflation falling below 2.0% still creates preconditions for further monetary policy easing, though not immediately but in the near future.

This image is no longer relevant

The EUR/USD currency pair has been moving at the peak of the upward cycle for the fifth consecutive day. The resistance level is 1.1200, below which a price stagnation has formed.

In the four-hour chart, the RSI technical tool has crossed the median 50 line in a downward trajectory, indicating an increase in the volume of short positions on the euro.

As for the Alligator indicator in the same time frame, the moving average (MA) lines have changed direction, suggesting price stagnation.

Expectations and Prospects

It can be assumed that the stagnation serves as a stage of regrouping trading forces, with the bullish sentiment preserved among market participants. In this case, stabilizing the price above the 1.1200 mark during the day could lead to an update of the mid-term trend's high, which is at 1.1276. Otherwise, we expect further fluctuations around the current values.

The complex indicator analysis in the short-term and intraday periods points to a pullback.

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

Pronóstico urgente del par EUR/USD para el 19.11.2024

A juzgar por el modesto crecimiento del euro, existe la sensación de que el dólar aún no ha agotado todo su potencial de crecimiento, a pesar de la increíble sobrecompra

Dean Leo 07:29 2024-11-19 UTC+2

Previsión de última hora del par EUR/USD para el 26.08.2024

El euro se fortaleció frente al dólar estadounidense en casi un 1,5% durante la semana pasada, acercando la cotización al máximo local de la tendencia alcista. El instrumento técnico

Dean Leo 07:44 2024-08-26 UTC+2

Pronóstico urgente del EUR/USD para el 01.07.2024

Ya cerca del cierre de las operaciones del viernes, el dólar comenzó a perder posiciones. Y con la apertura de la sesión asiática de hoy esta tendencia continuó. De hecho

Dean Leo 08:18 2024-07-01 UTC+2

Zonas de Margen e Ideas de Trading para los pares AUD/USD, NZD/USD, USD/CAD (24.06.2024)

AUD /USD Tendencia a largo plazo: incertidumbre temporal. La máxima acumulación de volúmenes del contrato actual se encuentra en el rango, en las cotizaciones 0,66070-0,66210. En este momento

09:13 2024-06-24 UTC+2

Pronóstico urgente para EUR/USD del 24.06.2024

Se esperaba que los índices de actividad empresarial de la eurozona aumentaran ligeramente, mientras que en Estados Unidos disminuirían ligeramente. Pero no fue así. En Europa disminuyeron, y de forma

Dean Leo 09:04 2024-06-24 UTC+2

Pronóstico para EUR/USD el 20 de noviembre de 2023

No ocurrió mucho al principio, pero el dólar comenzó a perder terreno activamente cuando se abrió la sesión de operaciones en los Estados Unidos. Esto se debió a una serie

Dean Leo 14:16 2023-11-20 UTC+2

Pronóstico candente para GBP/USD el 2 de noviembre de 2023

La Reserva Federal, por ahora, ha sugerido que las subidas de tasas podrían mantenerse en espera durante el resto del año, y esto fue suficiente para impulsar el fuerte crecimiento

Dean Leo 09:09 2023-11-02 UTC+2

USD/JPY extiende su crecimiento como se esperaba

El par USD/JPY subió como se esperaba. He hablado de este escenario en el análisis de ayer. El fuerte crecimiento de DXY y la caída de los futuros

Ralph Shedler 15:25 2023-03-08 UTC+2

Pronóstico actualizado para el GBP/USD el 23/01/2023

La moneda británica siguió subiendo incluso después de que el Reino Unido informara que, en términos anuales, las ventas minoristas generales cayeron un 5,8 %, luego de una caída

Dean Leo 09:20 2023-01-23 UTC+2
¿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.