Scarica l'app

  • Market Insights   >   Daily Market Analysis

29 May 2025,07:23

Daily Market Analysis

EUR/USD Edges Lower Amid Stronger Dollar, but ECB Outlook Offers Support

29 May 2025, 07:23

Share on:
FacebookLinkedInTwitterShare
Share on:
FacebookLinkedInTwitterShare

 Key Takeaways:

*Dollar strength following U.S. trade court ruling weighs on EUR/USD.

*ECB’s inflation outlook supports potential for hawkish policy shift, limiting downside.

EUR/USD traded slightly lower as the U.S. Dollar extended gains following a U.S. trade court ruling that invalidated President Donald Trump’s use of emergency powers to implement global tariffs. The decision was perceived by markets as a potential sign of easing trade tensions, thereby strengthening the greenback.

However, the Euro’s downside was limited by expectations of future policy tightening from the European Central Bank. The ECB’s latest Consumer Expectations Survey showed inflation expectations for the next 12 months rose to 3.1% from 2.9%, potentially bolstering the case for a more hawkish stance. If this trend continues, it could lend fundamental support to the single currency in the coming sessions.

Looking ahead, investor focus will turn toward the release of the Federal Reserve’s meeting minutes for insight into future rate paths, as well as upcoming ECB commentary and data to further gauge the EUR/USD outlook.

Technical Analysis

EURUSD, H4

The pair is currently under pressure after breaking below both its ascending trendlines and the 1.1270 support level. 

MACD confirms growing bearish momentum, while RSI at 37 suggests potential for further downside. If selling pressure persists, EUR/USD could decline toward the next support at 1.1210, with a further move to 1.1140 possible.

However, failure to break lower could prompt a short-term rebound toward 1.1270 in a consolidation phase.

Resistance Levels: 1.1270, 1.1370
Support Levels: 1.1210, 1.1140

Inizia a Fare Trading con un Vantaggio

Scambia forex, indici, Metalli e altro ancora a spread bassi e con un'esecuzione fulminea.

  • Inizia a fare trading con depositi a partire da $50 sui nostri conti standard.
  • Ottieni accesso all’assistenza 24/7
  • Accedi a centinaia di strumenti, a strumenti didattici gratuiti e ad alcune delle migliori promozioni in circolazione.
Iscriviti Ora

Latest Posts

Apertura del conto semplice e veloce

Apri Conto Reale
  • 1

    Registrati

    Registrati per un Conto Reale PU Prime con la nostra semplice procedura.

  • 2

    Finanzia

    Finanzia senza fatica il tuo conto con un'ampia gamma di canali e valute accettate.

  • 3

    Inizia a Fare Trading

    Accedi a centinaia di strumenti a condizioni di trading leader del mercato.

Please note the Website is intended for individuals residing in jurisdictions where accessing the Website is permitted by law.

Please note that PU Prime and its affiliated entities are neither established nor operating in your home jurisdiction.

By clicking the "Acknowledge" button, you confirm that you are entering this website solely based on your initiative and not as a result of any specific marketing outreach. You wish to obtain information from this website which is provided on reverse solicitation in accordance with the laws of your home jurisdiction.

Thank You for Your Acknowledgement!

Ten en cuenta que el sitio web está destinado a personas que residen en jurisdicciones donde el acceso al sitio web está permitido por la ley.

Ten en cuenta que PU Prime y sus entidades afiliadas no están establecidas ni operan en tu jurisdicción de origen.

Al hacer clic en el botón "Aceptar", confirmas que estás ingresando a este sitio web por tu propia iniciativa y no como resultado de ningún esfuerzo de marketing específico. Deseas obtener información de este sitio web que se proporciona mediante solicitud inversa de acuerdo con las leyes de tu jurisdicción de origen.

Thank You for Your Acknowledgement!