Forex Analysis & Reviews: 02.05.2023 - Hot forecast for EURUSD on...

Live Chat

This section features the most important information about trading with InstaForex. We provide both analysis from leading experts for experienced traders and articles on trading conditions for beginners. Our services will help increase your profit potential.

Become Trader

开户

另见

交易条件

外汇分析

图表

This section is designed for those who are just starting their trading journey. InstaForex educational and analytical materials will meet your training needs. Our experts' recommendations will make your first steps to trading success simple and clear.

Start as Beginner

如何开始交易

有用信息

Training and recordings

InstaForex innovative services are an essential element of productive investment. We strive to provide our clients with advanced technical capabilities and make their trading routine comfortable as we are recognized as the best broker in this regard.

Become Investor

PAMM 系统

外汇跟单系统

被动投资

OYS 帐户

Partnership with InstaForex is beneficial and top-tier. Join our affiliate programs and enjoy bonuses, partner rewards, and the possibility to travel with the team of the world-renowned brand.

Become Partner

主页

合作伙伴区域

同盟的优势

This section contains the most lucrative offers from InstaForex. Receive bonuses when topping up an account, compete with other traders, and get real prizes even when trading in a demo account.

All Promo Campaigns

Bonuses

比赛

事件

Holidays with InstaForex are not only pleasant but also useful. We offer a one-stop portal, numerous forums, and corporate blogs, where traders can exchange experiences and become successfully integrated into the Forex community.

Full details

论坛

我们在社交网络

外汇幽默

外汇门户

InstaForex is an international brand created in 2007. The company provides services for online FX trading and is recognized as one of the world's leading brokers. We have won the trust of more than 7,000,000 retail traders, who have already appreciated our reliability and focus on innovations.

Learn More

History

为什么选择我们

InstaSport

法规

公司新闻

奖项

InstaForex 明星

InstaForex 线下

Headquarters

关键文件

的社会责任

InstaForex洛普莱斯队 - 达喀尔拉力赛的正式参与者

02.05.2023 09:18 AM

Hot forecast for EURUSD on 02/05/2023

Despite the fact that yesterday was a public holiday in Europe, the market did not stand still, and the dollar eventually managed to significantly strengthen its positions. The only reason for its growth was the end of the saga with First Republic Bank, which will be sold to JPMorgan Chase. However, this decision by the regulator raises several questions. In particular, after this acquisition, JPMorgan Chase becomes not only the largest bank in the United States but also violates antitrust laws in terms of total deposits. Moreover, it turns out that all the measures to save the bank, involving a whole range of large investors, raises the question about the possibility of saving distressed financial institutions in principle. And that is perhaps the most frightening thing. Nevertheless, any resolution of the issue, without bankruptcy and writing off losses, is already positive news in itself, which has become the reason for the dollar's strengthening.

But today, the market is likely to return to the levels it was at before the opening of yesterday's trading session in the United States. The reason will be the preliminary estimate of inflation in the eurozone. After all, according to the most modest forecasts, the pace of consumer price growth may remain unchanged. There is even a suggestion that inflation may accelerate from 6.9% to 7.0%. And there is not a single forecast predicting a decrease in inflation. This means that the European Central Bank is likely to raise the refinancing rate by as much as fifty basis points this week. The very prospect of such a move creates the basis for the euro's growth. However, no one will take such risks ahead of the board meeting, so today's growth will be somewhat limited.

Inflation (Europe):

Despite the fact that the euro opened the new week by falling against the dollar, the quote is still in the area of the 1.1000 level. There are no radical changes observed on the trading chart.

During the sharp price change, on the four-hour chart, the RSI technical indicator crossed the middle line 50 downwards. This signal indicates an increase in the volume of short positions for the euro. However, pay attention to how the indicator behaved since April 27th, it was purposefully moving along the average level, indicating a slowdown in the upward cycle.

On the same time frame, the Alligator's MAs have numerous intersections, which corresponds to the current stagnation.

Outlook

In this situation, there is no clear technical signal that the upward cycle is over. For this reason, climbing above the 1.1050 level may lead to a new increase in the volume of long positions, which in turn may lead to an update of the local high of the medium-term trend.

In order to consider the bearish scenario, the quote needs to stay below the 1.0940 mark. In this case, there is a risk of the price transitioning to a full-scale correction.

The comprehensive indicator analysis in the short term indicates a downward cycle. In the intraday period, there is an alternate signal. In the medium term, the growth signal remains unchanged.

你今天已经点赞上这篇文章了

*这里的市场分析是为了增加您对市场的了解，而不是给出交易的指示。

If you have any content questions, please contact editorial-board@instaforex.com

Hot forecast

该作者的更多文章

电子邮件订阅

EURUSD

Euro vs US Dollar

选择时间框架

分钟

小时

天

周

开始交易

通过InstaForex赚取加密货币汇率变动的收益。

下载MetaTrader 4并开启您的第一笔交易。

推荐文章

2024年12月10日歐元/美元熱點預測

2024年12月9日歐元/美元熱點預測

2024年12月6日EUR/USD熱預測

2024年12月5日歐元/美元熱點預測

2024年12月4日歐元/美元熱點預測

2024年12月3日歐元/美元熱點預測

2024年12月2日歐元/美元熱點預測

2024年11月27日歐元/美元熱點預測

2024年11月26日歐元/美元熱點預測

2024年11月25日歐元/美元熱點預測

Top analytics