empty
17.03.2023 06:08 PM
Forecast for EUR/USD on March 17, 2023

On Thursday, the EUR/USD pair maintained its upward trend and managed to move above the corrective level of 161.8% (1.0609). The hourly and 4-hour charts show that the pair has been in a limited price range for a considerable amount of time. Although the movements are now so unpredictable that a new collapse in the direction of Wednesday's low is possible today, the growth process can now be resumed in the direction of the next level of 1.0750.

This image is no longer relevant

The results of the upcoming meeting of the European Regulator were made public yesterday. Although traders' expectations were lower a few days prior as a result of major financial issues at Credit Suisse, all three interest rates were lifted by 0.50% as planned. The European Union's banking sector is currently considerably more stable than it was in 2008, according to Christine Lagarde, who also noted that the problems with one bank had no bearing on the regulator's primary objective of bringing inflation down to 2%. Lagarde added that the ECB will now consider incoming macroeconomic data when deciding whether to tighten the PEPP in the future. In other words, we should only anticipate a 0.25 percent increase in May, which would reduce the pace and maybe harm the position of the euro. Overall, the euro hasn't performed too well or poorly over the past two weeks. The announcement of the failure of three US banks caused the euro to rise sharply, but after a few days, it fell after learning about Credit Suisse. Because the regulator had been preparing the markets for such a turn of events, it is obvious that traders had been counting on the ECB president to make more assertive statements and that a rate increase of 0.50% had long been planned. An inflation report was previously provided by the European Union today, but traders weren't impressed. The euro is essentially stationary and unsure of how to respond to a 0.1% slowdown with an ongoing rise in interest rates.

This image is no longer relevant

The pair has stabilized under the upward trend corridor on the 4-hour chart, allowing us to continue to anticipate additional declines. The new downward trend corridor, which verges on the idea of "sideways," is confirmed by the traders' "bearish" attitude. In recent times, the horizontal movement has been noticeable rather frequently.

Report on Commitments of Traders (COT):

This image is no longer relevant

Speculators concluded 1,322 short contracts and 160 long contracts during the most recent reporting week. The positive sentiment among large traders is still present and getting stronger. I want to call your attention to the fact that the most recent report we have is from February 21. The "bullish" sentiment may have grown stronger in February, but how are things now? Speculators now have 236 thousand long contracts, while just 71 thousand short contracts are concentrated in their hands. While the value of the euro has been declining for some weeks, we are currently without new COT data. The likelihood of the euro's growth has been steadily increasing over the past few months, much like the euro itself, but the information background hasn't always backed it up. After a protracted "dark time," the situation is still in the euro's favor, and its prospects are strong. Until the ECB gradually raises the interest rate by increments of 0.50%, at least.

News calendar for the USA and the European Union:

EU – inflation (10:00 UTC).

US – industrial production (13:15 UTC).

US – consumer sentiment index from the University of Michigan (14:00 UTC).

The European Union and the United States both have significant events scheduled for March 17, but the most significant one (the EU's inflation rate) did not stir up any strong feelings among traders. The background information's impact on traders' attitudes for the remainder of the day will be minimal.

Forecast for EUR/USD and trading advice:

On the hourly chart, new sales of the pair with targets of 1.0526 and 1.0483 can be initiated when the price closes below the level of 1.0609. On the hourly chart, purchases of the euro were likely if it closed above the level of 1.0609 with a target of 1.0750.

Samir Klishi,
Especialista em análise na InstaForex
© 2007-2025
Selecionar intervalo de tempo
5
min
15
min
30
min
1
hora
4
horas
1
dia
1
s.
Ganhe com as variações das taxas das criptomoedas com a InstaForex.
Baixe o MetaTrader 4 e abra a sua primeira operação.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    PARTICIPE DO CONCURSO

Recommended Stories

EUR/USD. 23 de maio. Análise do sistema Smart Money

Após a quebra da estrutura de baixa, observamos uma forte recuperação do euro, que, até o momento, não pode ser considerada completa. A nova estrutura de alta permanece intacta

Samir Klishi 22:09 2025-05-23 UTC+2

Sinais de negociação para BITCOIN para 23-27 de maio de 2025: venda abaixo de $108.700 (EMA 200 - SMA 21)

O Bitcoin está sendo negociado em torno de 109.369, recuperando-se após atingir o nível-chave de 107.500, que representa um forte suporte para o Bitcoin. Se ele se consolidar acima

Dimitrios Zappas 21:47 2025-05-23 UTC+2

Sinais de negociação para o OURO para 23-27 de maio de 2025: venda abaixo de $3.360 (7/8 de Murray - SMA 21)

Por outro lado, se o ouro se consolidar acima de 3.370, a perspectiva pode permanecer positiva, e podemos esperar que ele suba e alcance o nível 8/8 de Murray

Dimitrios Zappas 21:42 2025-05-23 UTC+2

XAG/USD. Análise e previsão

A prata volta a ganhar impulso positivo, mantendo-se firme acima do nível psicológico chave de US$ 33,00. O surgimento de compras nas quedas confirma que o rompimento, nesta semana

Irina Yanina 18:10 2025-05-23 UTC+2

Previsão para o GBP/USD em 23 de maio de 2025

No gráfico horário, o par GBP/USD foi negociado lateralmente na quinta-feira, mas, em geral, continua seu movimento ascendente. Na sexta-feira, o par alcançou uma nova consolidação acima do nível

Samir Klishi 17:36 2025-05-23 UTC+2

Previsão para o GBP/USD para 23 de maio de 2025

Ontem, a libra esterlina encerrou o dia no mesmo nível em que abriu, formando visualmente uma consolidação abaixo de 1,3433 — um nível que o preço já tenta romper durante

Laurie Bailey 14:47 2025-05-23 UTC+2

Previsão para o EUR/NZD para 23 de maio de 2025

No gráfico diário, a cotação do par rompe acima da linha MACD depois de passar duas semanas abaixo dela. A entrada do oscilador Marlin em território positivo apoia a suposição

Laurie Bailey 14:23 2025-05-23 UTC+2

Sinais de negociação para o EUR/USD para 22-25 de maio de 2025: venda abaixo de 1,1286 (EMA 200 - SMA 21)

O EUR/USD está sendo negociado próximo de 1,1287, após tentar romper o topo do canal de tendência de baixa. O instrumento está agora se consolidando em torno

Dimitrios Zappas 21:02 2025-05-22 UTC+2

Sinais de negociação para o OURO para 22-25 de maio de 2025: compre acima de US$ 3.281 (SMA 21 - 6/8 de Murray)

O indicador Eagle está mostrando um sinal negativo, sugerindo que a queda do ouro pode continuar nos próximos dias. Para isso, devemos prestar atenção à zona de 3.281; abaixo dessa

Dimitrios Zappas 20:59 2025-05-22 UTC+2

Sinais de negociação para o BITCOIN para 22-25 de maio de 2025: venda abaixo de $111.850 (+2/8 de Murray - EMA 200)

Nosso plano de negociação para as próximas horas é vender abaixo de US$ 112.500 ou em torno de US$ 111.850, visando 108.500, 107.099 e, finalmente, em torno de +1/8

Dimitrios Zappas 20:57 2025-05-22 UTC+2
Não pode falar agora?
Faça sua pergunta no 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.