empty
23.07.2025 06:59 AM
Trading Signals for EUR/USD for July 23-26, 2025: buy above 1.1671 (21 SMA - 8/8 Murray)

This image is no longer relevant

After a strong push above 1.1680, the euro managed to break out of the downtrend channel formed since June 27 and is likely to undergo a technical correction before resuming its bullish cycle.

The outlook remains bullish for the euro, as it is expected to reach +1/8 of the Murray level at 1.1840 in the coming days. Given this, we will look for opportunities to buy the euro above 1.1671 or, if it consolidates above 8/8 of the Murray level, with targets at 1.1840.

On the other hand, a drop below 1.1670 could change the outlook for the euro, and we could expect a decline toward the 7/8 Murray support level, which coincides with the 200 EMA at 1.1670.

According to the daily chart, the euro is under downward pressure, however, the outlook is positive as the weakness of the US dollar could favor the euro.

Dimitrios Zappas,
Analytical expert of InstaForex
© 2007-2025
Summary
Urgency
Analytic
Dimitrios Zappas
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Chancy Deposit
    Deposit your account with $3,000 and get $3000 more!
    In September we raffle $3000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST

Recommended Stories

EUR/USD. September 12. The Dollar Takes Another Knockout

Good afternoon, traders! On Thursday, the EUR/USD pair reversed in favor of the euro and consolidated above the 76.4% Fibonacci level at 1.1695. Initially, traders were focused on selling

Samir Klishi 10:29 2025-09-12 UTC+2

Forex forecast 12/09/2025: EUR/USD, USD/JPY, GBP/USD, SP500, Ethereum and Bitcoin

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 09:51 2025-09-12 UTC+2

GBP/USD. September 12. The British Economy Remains in Stagnation

Good afternoon, traders! On the hourly chart, the GBP/USD pair reversed in favor of the pound on Thursday and rallied almost to the 100.0% correction level at 1.3587. A clear

Samir Klishi 09:37 2025-09-12 UTC+2

Trading Signals for GOLD for September 12-15, 2025: buy above $ 3,655 (21 SMA - 61.8% Fibonnaci)

The Eagle indicator on the H1 chart has been showing a positive signal since September 11, so any pullback in the gold price in the coming days will be seen

Dimitrios Zappas 06:48 2025-09-12 UTC+2

Trading Signals for BITCOIN for September 12-15, 2025: buy above $ 114,500 (21 SMA - 5/8 Murray)

The eagle indicator on the H1 chart has reached overbought levels, and it's likely that after a technical correction, Bitcoin's bullish cycle will resume and the price could reach $117,500

Dimitrios Zappas 06:47 2025-09-12 UTC+2

EUR/USD Forecast for September 12, 2025

So, yesterday's ECB meeting, as expected, delivered no new information—except "wait and see." But the rise in US CPI for August triggered a flurry of paradoxical articles in the business

Laurie Bailey 05:21 2025-09-12 UTC+2

GBP/USD Forecast for September 12, 2025

On Thursday, the British pound broke above the MACD line resistance and consolidated above it. However, two factors prevent us from adopting a bullish outlook as the main scenario

Laurie Bailey 05:21 2025-09-12 UTC+2

EUR/NZD Forecast for September 12, 2025

Yesterday, the EUR/NZD pair broke below the daily-scale MACD line at its intersection with the balance line. This is a strong signal for a continued decline. The Marlin oscillator

Laurie Bailey 05:03 2025-09-12 UTC+2

Forex forecast 11/09/2025: EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD and Bitcoin

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 15:31 2025-09-11 UTC+2

EUR/USD. Negative News for the Dollar Will Support the Pair's Growth

The pair is consolidating above the 1.1685 support level as the market awaits US inflation data and the outcome of next week's FOMC monetary policy meeting. Unlike the Federal Reserve

Pati Gani 11:13 2025-09-11 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.