empty
InstaForex - Official partner of Dragon Racing
InstaForex - Official partner of Dragon Racing
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
How to start trading
Useful information
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 System
ForexCopy System
Passive investments
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
Main Page
Partner Area
Advantages for Affiliates
Registration
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
Contests
Events
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
Forums
We are in social networks
Forex humour
Forex Portal
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
Why Choose Us
InstaSport
Regulation
Company News
Awards
InstaForex Stars
InstaForex Offline
Headquarters
Key documents
Social Responsibility
05.05.2025 12:51 AM
The Euro: Weekly Preview
Open trading account Open demo account

This image is no longer relevant

For several weeks, the euro has remained in a sideways range. It seems like every analyst has already pointed this out and noted that without news from Trump, there's no movement in the market—quite literally. Economic data (as always) has been abundant. Last week, the United States released a significant amount of important data. The U.S. dollar slightly appreciated by the week's end, but I expected a different market reaction. It's clear that the news background matters to the market only when it concerns the trade war or other major and unexpected decisions by Donald Trump. It is uncertain how much longer the market will continue to wait. The fact that demand for the U.S. dollar has increased slightly recently does not seem particularly important to me. The wave layout of the EUR/USD instrument still indicates an upward trend segment, but even that is not of primary importance—Trump can easily disrupt it.

In the Eurozone, we will see reports on services sector activity, retail sales, and Germany's industrial production—and that's it. Even setting aside the fact that the market is ignoring economic data, the most interesting developments will come from the UK and the U.S., where central bank meetings are scheduled. Let me remind you that at the last European Central Bank meeting, it was decided to cut interest rates. The deposit rate is now practically at a neutral level. The Federal Reserve, meanwhile, has remained silent and hasn't carried out a single round of easing in 2025. This fact, however, plays no role in the market right now—otherwise, demand for the U.S. dollar would be growing. I believe the upcoming economic data from the Eurozone will have no significant impact on the market.

This image is no longer relevant

Wave structure for EUR/USD:

Based on my analysis of EUR/USD, I conclude that the pair is continuing to build a new bullish wave segment. Soon, the wave count will depend entirely on the stance and actions of the U.S. President. This must always be kept in mind. From a purely wave-based perspective, I had expected a three-wave correction within wave 2. However, wave 2 has already ended in a single-wave form. Wave 3 of the upward trend has begun, and its targets could extend to the 1.25 area. Reaching these levels will depend entirely on Trump. A corrective wave may form at the moment, but growth is expected to resume once it is complete.

This image is no longer relevant

Wave structure for GBP/USD:

The wave structure of GBP/USD has shifted. We are now dealing with a bullish, impulsive trend segment. Unfortunately, under Donald Trump, markets may experience numerous shocks and reversals that defy wave theory and any other form of technical analysis. The presumed wave 2 has been completed, as the price has moved beyond the peak of wave 1. Therefore, we should expect the formation of bullish wave 3, with short-term targets at 1.3541 and 1.3714. It would be helpful to see a corrective wave 2 within wave 3, but the dollar would need to strengthen. And for that to happen, someone would have to start buying it.

Core Principles of My Analysis:

  1. Wave structures should be simple and clear. Complex structures are difficult to trade and often require revisions.
  2. If you're uncertain about what's happening in the market, it's better not to enter it.
  3. Absolute certainty in market direction does not and cannot exist. Always remember to use protective Stop Loss orders.
  4. Wave analysis can be combined with other types of analysis and trading strategies.
Chin Zhao,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
All Analytics
Fundamental analysis
USD declares war on EUR What's new is often just what's been forgotten. As spring draws to a close, the long-dismissed mantra "sell America" is making a comeback in markets. The phrase gained traction following
Marek Petkovich
14:59 2025-05-23 +02:00
1165
Fundamental analysis
USD/JPY: what happens with yen? The USD/JPY pair is experiencing heightened price turbulence. At the end of April, the pair sharply declined, hitting a 7-month low at 139.90. Then, last week, a northbound impulse pushed
Irina Manzenko
13:52 2025-05-23 +02:00
1180
Breaking Forecast Trading Plan Cryptocurrencies USD/RUB Russian Economy Video Analysis
Trading Instruments
EURUSD GBPUSD USDCHF USDCAD USDJPY AUDUSD EURGBP EURJPY NZDUSD EURNZD Silver Gold #CL #USDX COVID-19 Bitcoin
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

USD declares war on EUR

What's new is often just what's been forgotten. As spring draws to a close, the long-dismissed mantra "sell America" is making a comeback in markets. The phrase gained traction following
Marek Petkovich 14:59 2025-05-23 UTC+2

USD/JPY: what happens with yen?

The USD/JPY pair is experiencing heightened price turbulence. At the end of April, the pair sharply declined, hitting a 7-month low at 139.90. Then, last week, a northbound impulse pushed
Irina Manzenko 13:52 2025-05-23 UTC+2

Market Chaos to Continue (There is a likelihood of continued local declines in #USDX and gold prices)

Markets continue to act blindly amid the chaotic actions of Donald Trump, who is trying to pull the U.S. out of a deep, all-encompassing crisis like Baron Munchausen pulling himself
Pati Gani 10:19 2025-05-23 UTC+2

The Market Tucks Its Tail

A necessary project at the wrong time. The House of Representatives has approved Donald Trump's tax cut initiative. The President hopes it will help stimulate the economy and offset shortcomings
Marek Petkovich 09:29 2025-05-23 UTC+2

GBP/USD Overview – May 23: No Talks, but Hang in There

On Thursday, the GBP/USD currency pair traded relatively calmly, but like EUR/USD, it has been rising for two weeks. At first glance, one might wonder what reasons traders have
Paolo Greco 08:15 2025-05-23 UTC+2

EUR/USD Overview – May 23: The Rebellion Against the Dollar Continues

The EUR/USD currency pair traded relatively calmly on Thursday, yet it has risen significantly over the past two weeks. This movement can be interpreted in several ways. From a technical
Paolo Greco 08:15 2025-05-23 UTC+2

What to Pay Attention to on May 23? A Breakdown of Fundamental Events for Beginners

Very few macroeconomic reports are scheduled for Friday. Only two are noteworthy: the final estimate of Germany's Q1 GDP and April's UK retail sales data. The German GDP report
Paolo Greco 05:58 2025-05-23 UTC+2

The "Big, Beautiful Bill" vs. Import Tariffs

At present, Donald Trump is focused on promoting what he calls the "Big, Beautiful Law." In the trade war, Trump has done everything he could—he imposed tariffs, then lowered them
Chin Zhao 00:23 2025-05-23 UTC+2

The Fed Is Not Ready to Act Before the Second Half of the Year

In recent reviews, I have repeatedly addressed the topic of the Federal Reserve's monetary policy, market expectations, and the reality we all live in. I believe the market's expectations
Chin Zhao 00:23 2025-05-23 UTC+2

Canadian Inflation Resumed Growth. USD/CAD Overview

Core inflation in April unexpectedly rose higher than forecast, rising from 2.2% to 2.5% year-over-year. Headline inflation slowed from 2.3% to 1.7%, slightly above the forecast. The decline in headline
Kuvat Raharjo 00:23 2025-05-23 UTC+2

Top analytics

Relevance up to 22:00 2025-05-23 UTC--4
EUR/USD Forecast for May 23, 2025
05:16 2025-05-23
Technical analysis
Relevance up to 20:00 2025-05-23 UTC--4
EUR/USD Overview – May 23: The Rebellion Against the Dollar Continues
08:15 2025-05-23
Fundamental analysis
Relevance up to 03:00 2025-05-25 UTC--4
Market Chaos to Continue (There is a likelihood of continued local declines in #USDX and gold prices)
10:19 2025-05-23
Fundamental analysis
Relevance up to 20:00 2025-05-23 UTC--4
Trading Recommendations and Analysis for GBP/USD on May 23: Pound Prepares for a Historic Breakout
03:43 2025-05-23
Trading plan
Relevance up to 23:00 2025-05-23 UTC--4
How to Trade the GBP/USD Pair on May 23? Simple Tips and Trade Analysis for Beginners
05:58 2025-05-23
Trading plan
Can't speak right now?
Ask your question in the chat.
Widget callback
Callback widget
 

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.