empty
16.01.2025 04:52 AM
Forecast for EUR/USD on January 16, 2025

Despite significant movements across the market, European currencies closed on Tuesday with minimal changes: the euro lost 20 pips, while the pound gained 22 pips. Meanwhile, the S&P 500 rose by 1.83%, oil increased by 3.06%, and gold gained 1.50%. The stock and commodity markets were driven by high profit reports from major banks.

This image is no longer relevant

On the daily chart, the upward movement stopped at the 1.0350 resistance level. The signal line of the Marlin oscillator continues to develop within a triangle formation. The prevailing scenario suggests a likelihood of the price breaking below the 1.0211 signal level and aiming for support at 1.0135.

On the H4 chart, after testing the resistance at 1.0350 and support at 1.0265 (the MACD line), the price returned to its position from Tuesday morning.

This image is no longer relevant

The Marlin oscillator remains at a similar level. Since the price has settled below the balance line (red moving average), we expect it to consolidate below the MACD line and test the signal level at 1.0211.

If the price consolidates above 1.0350, a move toward 1.0461 becomes likely, representing an alternative scenario.

Laurie Bailey,
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

Forex forecast 19/02/2025:

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 10:24 2025-02-19 UTC+2

GBP/USD – February 19: UK Inflation Hits Record Highs

On the hourly chart, GBP/USD continued to hover around the resistance zone of 1.2611 – 1.2620 on Tuesday. A rebound from 1.2611 – 1.2642 would favor the U.S. dollar

Samir Klishi 10:00 2025-02-19 UTC+2

AUD/USD: Risk of Decline in the Pair

The Reserve Bank of Australia (RBA), like the Reserve Bank of New Zealand (RBNZ), continues its monetary policy easing to create conditions for stimulating economic growth. For now, the pair

Pati Gani 09:36 2025-02-19 UTC+2

EUR/USD and GBP/USD – February 19 Technical Analysis

At the start of the new trading week, bearish players have paused, leading to a daily corrective decline. The daily Ichimoku cross serves as the nearest reference point for this

Evangelos Poulakis 07:16 2025-02-19 UTC+2

Technical Analysis of Intraday Price Movement of Platinum Commodity Instrument, Wednesday February 19, 2025.

If we look at the 4-hour chart of the Platinum commodity instrument, a Bearish 123 pattern appears followed by several Bearish Ross Hook (RH) where all of this indicates that

Arief Makmur 06:26 2025-02-19 UTC+2

Technical Analysis of Intraday Price Movement of AUD/JPY Cross Currency Pairs, Wednesday February 19, 2025.

With the appearance of Convergence between the price movement of AUD/JPY and the Stochastic Oscillator indicator, it confirms that in the near future AUD/JPY has the potential to strengthen where

Arief Makmur 06:26 2025-02-19 UTC+2

EUR/USD Forecast for February 19, 2025

The euro seems to have given up its attempt to reach the target range of 1.0534 to 1.0575. To confirm this reversal, today's session must close below the 1.0458 level

Laurie Bailey 03:47 2025-02-19 UTC+2

GBP/USD Forecast for February 19, 2025

The UK employment data for December, released yesterday, helped the pound avoid a decline, even though the dollar strengthened by 0.34%. The pound fell by only 0.10%, while the euro

Laurie Bailey 03:45 2025-02-19 UTC+2

AUD/USD Forecast for February 19, 2025

Yesterday, the Reserve Bank of Australia reduced the interest rate from 4.35% to 4.10%, and the Australian dollar held steady. However, today's rate cut by the Reserve Bank

Laurie Bailey 03:45 2025-02-19 UTC+2

Trading Signals for BITCOIN (BTC/USD) for February 18-20, 2025: buy above $ 95,000 (21 SMA - 200 EMA)

On the H1 chart, Bitcoin is trading around $95,000 above the 21 SMA and below the 200 EMA within a bearish trend channel forming since February 14. If Bitcoin breaks

Dimitrios Zappas 15:26 2025-02-18 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.