Analytical Reviews

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EUR/USD Forecast for July 8, 2025
23:14 2025-07-07 UTC--5
On Monday, the euro declined by 71 pips, testing the support at 1.1692. As anticipated, the price did not attempt to break through the MACD line immediately but chose instead to consolidate above the reached level to build momentum. This increases the likelihood of a retest of the price channel line near the 1.1830 level, which also coincides with the July 1 high. If this scenario unfolds, a divergence may form on the daily chart.

On the four-hour chart, the corrective upward movement of the last two candles encountered resistance at the balance and MACD indicator lines. A consolidation above the MACD line, above the 1.1753 level, would allow the price to once again reach this month's high.

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A close below the 1.1692 level today would not yet confirm the target at 1.1535, as the MACD line on the daily chart would still be intact. However, a renewed attack on the 1.1692 support tomorrow—if successful—could be a decisive step toward forming a medium-term downtrend.

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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.