empty
it
Supporto
Apertura rapida di un conto
Piattaforma di trading
Ricaricare / Prelevare

16.07.202404:49 Forex Analysis & Reviews: Forecast for EUR/USD on July 16, 2024

EUR/USD

Yesterday, the euro failed to consolidate above the target level of 1.0905, closing the day down by 12 pips. The divergence with the Marlin oscillator increased a bit. At least, we can expect a correction, and in the main scenario, we are waiting for a trend reversal into a medium-term decline, below 1.0595.

Exchange Rates 16.07.2024 analysis

The first target is the support level of 1.0788, which the MACD line is approaching. A complex divergence has formed on the 4-hour chart. It seems to help the price overcome the support of the MACD line at 1.0866.

Exchange Rates 16.07.2024 analysis

Today, the U.S. retail sales report for June will be released, which is expected to contract by 0.2%. But last week the CPI dropped 0.1% from May, so if the retail sales increases by even 0.1%, it will mean that there is no recession when accounting for inflation, and this will be a positive signal for the dollar.

*La presente analisi del mercato ha un carattere esclusivamente informativo e non rappresenta una guida per l`effettuazione di una transazione.

Laurie Bailey,
Analytical expert of InstaSpot
© 2007-2025
Approfittati subito dei consigli degli analisti
Deposita i fondi sul conto di trading
Apri un conto di trading

Le recensioni analitiche di InstaSpot ti renderanno pienamente consapevole delle tendenze del mercato! Essendo un cliente InstaSpot, ti viene fornito un gran numero di servizi gratuiti per il trading efficiente.

Guardate inoltre

Notizie Forex
  • 2025-04-03 22:36:26
    Gold Falls from Record High
    2025-04-03 22:36:26
    Brazil Private Sector Activity at 4-Month High
    2025-04-03 22:36:26
    US Continuing Jobless Claims Highest Since November 2021
    2025-04-03 22:36:26
    Brazil's Service Sector Gains Momentum: March S&P Global Services PMI Rises to 52.5
    2025-04-03 22:36:26
    Brazil's Economic Momentum Gathers Pace in March: S&P Global Composite PMI Rises to 52.6
    2025-04-03 22:36:26
    US Exports Surge 2.9% to All-Time High
    2025-04-03 22:36:26
    Canadian Imports Hit New Record High
    2025-04-03 22:36:26
    Canadian Exports Drop
    2025-04-03 22:36:26
    U.S. Imports Remain Close to Record High
    2025-04-03 22:36:26
    Canada Posts Surprise Trade Shortfall
  • 2025-04-03 22:36:26
    US Reserve Balances Dip Slightly in April 2025
    2025-04-03 22:36:26
    Fed's Balance Sheet Shrinks: Indicator Drops by $17 Billion
    2025-04-03 22:36:26
    US Stocks Suffer Sharp Declines Amid Tariff Concerns
    2025-04-03 22:36:26
    Wall Street Plunges as Trump’s Tariffs Spark Market Turmoil
    2025-04-03 22:36:26
    Paraguay Inflation Rate Accelerates to 1-1/2-Year High
    2025-04-03 22:36:26
    Atlanta Fed's GDPNow Forecast Brightens Amid Slight Economic Uptick in Q1
    2025-04-03 22:36:26
    DAX Suffers Worst Day in Over 8 Months
    2025-04-03 22:36:26
    Brazilian Real at Over 5-Month Highs
    2025-04-03 22:36:26
    UK Stocks End at Over 2-Month Low
    2025-04-03 22:36:26
    US 30-Year Mortgage Rate Eases for 3rd Consecutive Week
  • 2025-04-03 22:36:26
    European Stocks Fall Sharply on Trump’s New Tariffs
    2025-04-03 22:36:26
    Mexican Peso Strengthens Amid Tariff Exemption
    2025-04-03 22:36:26
    Slight Dip in 8-Week Bill Auction Yield in the United States
    2025-04-03 22:36:26
    Steady Climb: US 4-Week Bill Auction Sees Marginal Increase in Yield to 4.240%
    2025-04-03 22:36:26
    Irish Exchequer Returns Surge in March, Hitting €4.1 Billion
    2025-04-03 22:36:26
    Gasoline Drops Further After OPEC+
    2025-04-03 22:36:26
    Fitch Cuts China's Credit Rating to A
    2025-04-03 22:36:26
    Heating Oil Near 3-Month Lows
    2025-04-03 22:36:26
    US Natural Gas Storage Rises More than Expected
    2025-04-03 22:36:26
    Lumber Retreats From 2-1/2-Year High
  • 2025-04-03 22:36:26
    U.S. Natural Gas Storage Levels Decline: April 2025 Update
    2025-04-03 22:36:26
    Canada 10-Year Bond Yield Drops Amid Recession Fears
    2025-04-03 22:36:26
    Mexico Fixed Investment Shrinks the Most in 4 Years
    2025-04-03 22:36:26
    Baltic Dry Index Dips to 3-Week Low
    2025-04-03 22:36:26
    US Services Growth Lowest in 9 Months: ISM
    2025-04-03 22:36:26
    U.S. ISM Non-Manufacturing Prices See a Slight Decline in March
    2025-04-03 22:36:26
    US ISM Non-Manufacturing PMI Declines in March, Indicates Slowing Growth
    2025-04-03 22:36:26
    U.S. ISM Non-Manufacturing Employment Dips Sharply in March
    2025-04-03 22:36:26
    U.S. ISM Non-Manufacturing New Orders Decline to 50.4 in March
    2025-04-03 22:36:26
    Growth in US Service Sector Gains Momentum in March as Business Activity Rises
  • 2025-04-03 22:36:26
    Canada Services Activity Plunges to Lowest on Record
    2025-04-03 22:36:26
    US Private Sector Growth Picks Up in March: S&P Global
    2025-04-03 22:36:26
    US Services PMI Revised Higher
    2025-04-03 22:36:26
    TSX Plunges Amid Tariff Fears and Trade Imbalances
    2025-04-03 22:36:26
    U.S. Services Sector Shows Resilience with Slight PMI Uptick in March
    2025-04-03 22:36:26
    U.S. Economic Momentum Grows as S&P Global Composite PMI Rises in March
    2025-04-03 22:36:26
    Canada Private Sector Activity Plummets in March
    2025-04-03 22:36:26
    US Stocks Sink
    2025-04-03 22:36:26
    Ibovespa Retreats After US Tariff Rollout
    2025-04-03 22:36:26
    Brazilian Services Activity at 4-Month High
  • 2025-04-03 22:36:26
    Gold Falls from Record High
    2025-04-03 22:36:26
    Brazil Private Sector Activity at 4-Month High
    2025-04-03 22:36:26
    US Continuing Jobless Claims Highest Since November 2021
    2025-04-03 22:36:26
    Brazil's Service Sector Gains Momentum: March S&P Global Services PMI Rises to 52.5
    2025-04-03 22:36:26
    Brazil's Economic Momentum Gathers Pace in March: S&P Global Composite PMI Rises to 52.6
    2025-04-03 22:36:26
    US Exports Surge 2.9% to All-Time High
    2025-04-03 22:36:26
    Canadian Imports Hit New Record High
    2025-04-03 22:36:26
    Canadian Exports Drop
    2025-04-03 22:36:26
    U.S. Imports Remain Close to Record High
    2025-04-03 22:36:26
    Canada Posts Surprise Trade Shortfall
  • 2025-04-03 22:36:26
    US Reserve Balances Dip Slightly in April 2025
    2025-04-03 22:36:26
    Fed's Balance Sheet Shrinks: Indicator Drops by $17 Billion
    2025-04-03 22:36:26
    US Stocks Suffer Sharp Declines Amid Tariff Concerns
    2025-04-03 22:36:26
    Wall Street Plunges as Trump’s Tariffs Spark Market Turmoil
    2025-04-03 22:36:26
    Paraguay Inflation Rate Accelerates to 1-1/2-Year High
    2025-04-03 22:36:26
    Atlanta Fed's GDPNow Forecast Brightens Amid Slight Economic Uptick in Q1
    2025-04-03 22:36:26
    DAX Suffers Worst Day in Over 8 Months
    2025-04-03 22:36:26
    Brazilian Real at Over 5-Month Highs
    2025-04-03 22:36:26
    UK Stocks End at Over 2-Month Low
    2025-04-03 22:36:26
    US 30-Year Mortgage Rate Eases for 3rd Consecutive Week
In questo momento non potete parlare al telefono?
Ponete la vostra domanda nella 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.