empty
en
Search
Support
Instant account opening
Trading Platform
Deposit/Withdraw
Search
P2P Exchange Financial Markets For Partners Forum About InstaSpot
en
For Traders
Forex Analysis
Hot forecast

03.04.202409:01 Forex Analysis & Reviews: Hot forecast for EUR/USD on April 3, 2024

The market's main concern is who will be the first to start lowering interest rates? And with just a quick glance at the euro's chart, it's clear that it should be the European Central Bank. At least that's what most market participants assumed. However, yesterday seemed to mark the beginning of a corrective rebound, which, in addition to the dollar's overbought condition, was partly triggered by a reevaluation of inflation forecasts in the eurozone. While not long ago, everyone expected a further slowdown in the pace of consumer price growth, now it is forecasted that it will remain unchanged. Once this is confirmed, the single currency will receive a boost. If inflation remains at the same level, the ECB may delay its rate cut cycle.

Exchange Rates 03.04.2024 analysis

EUR/USD almost reached the support level of 1.0700, and the volume of short positions decreased around this mark. As a result, there was a technical pullback. This is a logical move as the euro is clearly oversold.

On the 30M, 1H and 4H charts, the RSI technical indicator has left the oversold zone, corresponding to the retracement stage.

On the 4-hour chart, the Alligator's MAs are headed downwards. There is no clear sign of entanglement between the lines.

Outlook

If the pair extends the corrective phase, the price could return to the level of 1.0800. However, this will not lead to a significant change in trading interests. The bearish scenario will come into play if the price bounces off the level of 1.0800 or returns below 1.0750.

In terms of complex indicator analysis, indicators point to a retracement in the short term and intraday periods.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Dean Leo,
Analytical expert of InstaSpot
© 2007-2025
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.

Hot forecast
Hot Forecast for EUR/USD on December 10, 2024
Market consolidation may transition into stagnation until tomorrow's U.S. inflation data release.
Author: Dean Leo
23:52 2024-12-09 UTC--5
6733
Hot forecast
Hot Forecast for EUR/USD on December 9, 2024
Despite the rise in unemployment, investors were pleasantly surprised by the non-farm payrolls data, suggesting that the market might now...
Author: Dean Leo
00:27 2024-12-09 UTC--5
7363
Hot forecast
Hot Forecast for EUR/USD on December 6, 2024
Despite published macroeconomic data, the euro strengthened noticeably, driven exclusively by shifting expectations about the content of upcoming reports.
Author: Dean Leo
00:31 2024-12-06 UTC--5
7273
Show more

See Also

Forex Analysis & Reviews
All analytics
Stock Markets
Hot forecast
Trading plan
Crypto-currencies
Trend line
Video analytics
Instrument:
EURUSD
GBPUSD
USDCHF
USDCAD
USDJPY
AUDUSD
GBPJPY
EURGBP
EURJPY
NZDUSD
EURNZD
Silver
Gold
#USDX
COVID-19
Bitcoin
Photonews
All Photonews
Forex News
  • 2025-04-14 03:53:05
    Natural Gas Speculative Net Positions Improve as Negative Sentiment Eases
    Quick show
    2025-04-14 03:53:05
    Speculative Surge: Nasdaq 100 Net Positions Jump by Nearly 60%
    Quick show
    2025-04-14 03:53:05
    Sharp Decline in CFTC Gold Speculative Net Positions Amid Market Shifts
    Quick show
    2025-04-14 03:53:05
    CFTC Crude Oil Speculative Positions Decline to 139.6K in Latest Report
    Quick show
    2025-04-14 03:53:05
    Corn Futures Fluctuate as Speculative Positions Climb to 172.9K Contracts
    Quick show
    2025-04-14 03:53:05
    Copper Speculative Net Positions Drop to 24.2K, Lowest Since April’s Start
    Quick show
    2025-04-14 03:53:05
    Aluminum CFTC Speculative Positions Rise from 1.3K to 1.5K, Signaling Renewed Investor Interest
    Quick show
    2025-04-14 03:53:05
    Euro Bulls Charge Ahead as CFTC Net Positions Rise to 60.0K
    Quick show
    2025-04-14 03:53:05
    Speculative Net Positions for the British Pound Decline Significantly, Latest CFTC Data Reveals
    Quick show
    2025-04-14 03:53:05
    Oil Rebounds Amid Geopolitical Tensions, But Weekly Losses Persist
    Quick show
  • 2025-04-14 03:53:05
    South Korean Shares Rebound Amid Tech Tariff Relief
    Quick show
    2025-04-14 03:53:05
    Singapore Loosens Monetary Settings on Weaker Growth, Soft Inflation
    Quick show
    2025-04-14 03:53:05
    Australian Shares Rise on Commodities Boost
    Quick show
    2025-04-14 03:53:05
    Japanese Stocks Climb as Tariff Exemptions Boost Sentiment
    Quick show
    2025-04-14 03:53:05
    New Zealand Tourist Arrivals Fall 2.3% in February
    Quick show
    2025-04-14 03:53:05
    Singapore Q1 GDP Growth Below Estimates
    Quick show
    2025-04-14 03:53:05
    Singapore's GDP Dips in the First Quarter of 2025, Ending the Steady Growth
    Quick show
    2025-04-14 03:53:05
    Singapore's GDP Growth Slows to 3.8% in First Quarter 2025
    Quick show
    2025-04-14 03:53:05
    US Futures Rise to Start the Week
    Quick show
    2025-04-14 03:53:05
    New Zealand Visitor Arrivals Plummet: A Staggering 3.7% Drop in April
    Quick show
  • 2025-04-14 03:53:05
    New Zealand Card Spending Declines in March
    Quick show
    2025-04-14 03:53:05
    Indonesia Motorbike Sales Fall 7.2% in March
    Quick show
    2025-04-14 03:53:05
    New Zealand Services Sector Contracts for 2nd Month
    Quick show
    2025-04-14 03:53:05
    China's New Yuan Loans Rise More than Expected
    Quick show
    2025-04-14 03:53:05
    New Zealand Shares Follow Wall Street Higher
    Quick show
    2025-04-14 03:53:05
    U.K. House Prices Edge Upward in April as Rightmove Index Climbs to 1.4%
    Quick show
    2025-04-14 03:53:05
    New Zealand Sees Spike in Long-Term Migration in February 2025
    Quick show
    2025-04-14 03:53:05
    New Zealand Sees Dramatic Drop in Migration and Visitor Figures in February
    Quick show
    2025-04-14 03:53:05
    New Zealand Electronic Card Retail Sales Drop by 0.8% in March, Signals Economic Slowdown
    Quick show
    2025-04-14 03:53:05
    New Zealand Boosts Economic Confidence: Electronic Card Retail Sales Narrow Fall in March
    Quick show
  • 2025-04-14 03:53:05
    Chinese Total Social Financing Sees Significant Uptick in March
    Quick show
    2025-04-14 03:53:05
    China's March Loan Growth Shows Modest Uptick, Reaches 7.4%
    Quick show
    2025-04-14 03:53:05
    China's March New Loan Surge Reveals Economic Thrust
    Quick show
    2025-04-14 03:53:05
    China's M2 Money Stock Growth Stagnates at 7.0% in March 2025
    Quick show
    2025-04-14 03:53:05
    S&P Cuts Hungary's Outlook to Negative
    Quick show
    2025-04-14 03:53:05
    S&P Upgrades Italy’s Credit Rating to BBB+
    Quick show
    2025-04-14 03:53:05
    Ibovespa Posts Weekly Gains
    Quick show
    2025-04-14 03:53:05
    TSX Secures Weekly Gains
    Quick show
    2025-04-14 03:53:05
    Wall Street Rallies to End Volatile Week Amid Trade Hopes
    Quick show
    2025-04-14 03:53:05
    New Zealand Dollar Sees Narrowing Bearish Positions as Speculative Net Positions Improve
    Quick show
  • 2025-04-14 03:53:05
    Yen Speculative Net Positions Surge, Reflecting Increased Demand for Japan's Currency
    Quick show
    2025-04-14 03:53:05
    Brazilian Real Speculative Positions Surge as CFTC Data Shows Increase
    Quick show
    2025-04-14 03:53:05
    Australian Dollar Speculative Net Positions Show Signs of Strengthening
    Quick show
    2025-04-14 03:53:05
    Swiss Franc Speculative Positions Narrow, Signaling Market Sentiment Shift
    Quick show
    2025-04-14 03:53:05
    CFTC Reports Decrease in Speculative Net Positions for Mexican Peso
    Quick show
    2025-04-14 03:53:05
    Canadian Dollar Sentiment Turns Slightly Less Bearish as CFTC Positions Decline
    Quick show
    2025-04-14 03:53:05
    Speculative Net Positions in U.S. Wheat Market Show Significant Shift
    Quick show
    2025-04-14 03:53:05
    Soybeans Speculative Net Positions Deepen in Downtrend, Reaching -16.8K
    Quick show
    2025-04-14 03:53:05
    Silver Sails: Speculative Net Positions See Significant Decline to 46.5K Contracts
    Quick show
    2025-04-14 03:53:05
    Speculative Net Positions in S&P 500: Speculators Increase Bearish Bets as Positions Dip to -28.7K
    Quick show
  • 2025-04-14 03:53:05
    Natural Gas Speculative Net Positions Improve as Negative Sentiment Eases
    Quick show
    2025-04-14 03:53:05
    Speculative Surge: Nasdaq 100 Net Positions Jump by Nearly 60%
    Quick show
    2025-04-14 03:53:05
    Sharp Decline in CFTC Gold Speculative Net Positions Amid Market Shifts
    Quick show
    2025-04-14 03:53:05
    CFTC Crude Oil Speculative Positions Decline to 139.6K in Latest Report
    Quick show
    2025-04-14 03:53:05
    Corn Futures Fluctuate as Speculative Positions Climb to 172.9K Contracts
    Quick show
    2025-04-14 03:53:05
    Copper Speculative Net Positions Drop to 24.2K, Lowest Since April’s Start
    Quick show
    2025-04-14 03:53:05
    Aluminum CFTC Speculative Positions Rise from 1.3K to 1.5K, Signaling Renewed Investor Interest
    Quick show
    2025-04-14 03:53:05
    Euro Bulls Charge Ahead as CFTC Net Positions Rise to 60.0K
    Quick show
    2025-04-14 03:53:05
    Speculative Net Positions for the British Pound Decline Significantly, Latest CFTC Data Reveals
    Quick show
    2025-04-14 03:53:05
    Oil Rebounds Amid Geopolitical Tensions, But Weekly Losses Persist
    Quick show
  • 2025-04-14 03:53:05
    South Korean Shares Rebound Amid Tech Tariff Relief
    Quick show
    2025-04-14 03:53:05
    Singapore Loosens Monetary Settings on Weaker Growth, Soft Inflation
    Quick show
    2025-04-14 03:53:05
    Australian Shares Rise on Commodities Boost
    Quick show
    2025-04-14 03:53:05
    Japanese Stocks Climb as Tariff Exemptions Boost Sentiment
    Quick show
    2025-04-14 03:53:05
    New Zealand Tourist Arrivals Fall 2.3% in February
    Quick show
    2025-04-14 03:53:05
    Singapore Q1 GDP Growth Below Estimates
    Quick show
    2025-04-14 03:53:05
    Singapore's GDP Dips in the First Quarter of 2025, Ending the Steady Growth
    Quick show
    2025-04-14 03:53:05
    Singapore's GDP Growth Slows to 3.8% in First Quarter 2025
    Quick show
    2025-04-14 03:53:05
    US Futures Rise to Start the Week
    Quick show
    2025-04-14 03:53:05
    New Zealand Visitor Arrivals Plummet: A Staggering 3.7% Drop in April
    Quick show
Company News
All news
InstaForex – Prime Sponsor of Traders Fair Lagos 2025!

InstaForex – Prime Sponsor of Traders Fair Lagos 2025!

InstaForex is proud to announce its participation in Traders Fair Lagos 2025 – one of the biggest financial events in Africa. As the Prime Sponsor, we warmly invite all traders, investors, and partners to visit our booth for unique opportunities, exclusive bonuses, and expert consultations. Why you can’t miss this event Traders Fair Lagos 2025 is not just an exhibition. It is a global platform to connect with leading financial experts. This event brings together traders, brokers, analysts, and investors from all over the world to explore trends, strategies, and technologies shaping the future of financial markets.

Show more
Caricatures
All caricatures
Can't speak right now?
Ask your question in the chat.
 

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 InstaSpot anyway.

We are sorry for any inconvenience caused by this message.