Top.Mail.Ru
empty
29.04.2025 05:52 PM
Trading Signals for EUR/USD for April 29-30, 2025: sell below 1.1410 (symmetrical triangle - 7/8 Murray)

This image is no longer relevant

Early in the American session, the EUR/USD pair is trading around 1.1393 within a symmetrical triangle pattern formed since April 22. The Euro is showing a consolidation; however, an exhaustion of the bullish force is observed, which we believe that the Euro could make a technical correction in the next few hours.

If the euro breaks below the symmetrical triangle pattern and consolidates below 1.1370, this could be seen as an opportunity to sell with targets at the 6/8 Murray and ultimately the 200 EMA at 1.1128.

On the other hand, if the euro consolidates above 1.1410, the outlook could be positive, and we could expect it to reach 1.1474 and even reach its high of 1.1573, and finally reach the 8/8 Murray level at 1.1718.

On the H4 chart, we can see that the euro has been in an uptrend since April 10, which was broken. We now believe it could reach the 1.1228 area, as a technical correction is expected toward the bottom of the bullish channel.

Our trading plan for the coming hours is to sell below 1.1410 with targets at 1.1370 and 1.1230. The eagle indicator is giving a negative signal, so we believe a technical correction could occur in the short term.

Dimitrios Zappas,
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
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Trading Signals for GOLD (XAU/USD) for June 27-30, 2025: buy above $3,250 or sell below $3,320 (rebound - 6/8 Murray)

Technically, we believe that in the short term, gold could continue its fall and expect it to reach the 5/8 Murray level support around 3,203. The instrument might even cover

Dimitrios Zappas 18:12 2025-06-27 UTC+2

Trading Signals for EUR/USD for June 27-30, 2025: sell below 1.1750 (21 SMA - 8/8 Murray)

Early in the American session, the euro is trading around 1.1715, retreating after reaching a new high at 1.1753. This level coincided with the top of the uptrend channel, suggesting

Dimitrios Zappas 18:10 2025-06-27 UTC+2

Indicator Analysis. Daily Overview for June 27, 2025 – GBP/USD Currency Pair

On Thursday, the pair moved upward, reaching the 161.8% level at 1.3792 (red dashed line), then retreated and closed the daily candle at 1.3723. A pullback may occur today. Strong

Stefan Doll 11:42 2025-06-27 UTC+2

Indicator Analysis. Daily Overview for June 27, 2025 – EUR/USD Currency Pair

On Thursday, the pair moved upward and tested the 161.8% target level at 1.1744 (red dashed line), then pulled back and closed the daily candle at 1.1699. Today, the upward

Stefan Doll 11:39 2025-06-27 UTC+2

Forecast for EUR/USD on June 27, 2025

On Thursday, the EUR/USD pair continued its upward movement and reached the 127.2% Fibonacci retracement level at 1.1712. A rebound from this level would favor the U.S. dollar

Samir Klishi 11:22 2025-06-27 UTC+2

Forecast for GBP/USD on June 27, 2025

On the hourly chart, the GBP/USD pair continued rising on Thursday and repeatedly tested the 200.0% Fibonacci level at 1.3749. A rebound from this level would favor the U.S. dollar

Samir Klishi 10:53 2025-06-27 UTC+2

USD/JPY. Analysis, Forecast and Current Market Situation

Today, following the release of data showing a decline in consumer prices in Tokyo, the Japanese yen began to weaken. This news reinforced expectations that the Bank of Japan

Irina Yanina 10:43 2025-06-27 UTC+2

Forex forecast 27/06/2025: EUR/USD, USD/JPY, Gold, Oil and Bitcoin

Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful

Sebastian Seliga 10:12 2025-06-27 UTC+2

EUR/USD Forecast for June 27, 2025

EUR/USD Yesterday, concerning data was released from the U.S. GDP for Q1 contracted by 0.5% compared to the expected -0.2%. Core personal consumption expenditures (PCE) inflation for the same period

Laurie Bailey 05:13 2025-06-27 UTC+2

GBP/USD Forecast for June 27, 2025

GBP/USD The British pound is rising, but the accompanying Marlin oscillator is quite weak. Before the bulls are not just the desired targets — 1.3834, 1.3935, etc. — but also

Laurie Bailey 05:07 2025-06-27 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

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.