empty
InstaForex Loprais Team - Official participant of the Dakar rally
InstaForex Loprais Team - Official participant of the Dakar rally
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
23.06.2025 12:12 AM
Euro: Preview of the Week
Open trading account Open demo account

This image is no longer relevant

Few genuinely believe that economic news will overshadow other developments in the coming week. These "other developments" are of global significance. Over the weekend, the United States launched a strike on three key Iranian nuclear facilities, completely destroying them. Donald Trump stated that Iran must sign a "peace agreement" (i.e., a nuclear disarmament deal), or the U.S. will carry out even more devastating attacks. Trump also warned Tehran against retaliating against American assets, while Iranian authorities appealed to the UN and notified Washington of the legal basis for their own counterstrikes. As a result, we're in for a "hot" week with many events expected.

I usually divide news by country, but that likely makes little sense this time. For the past five months, the dynamics of both instruments I cover have depended solely on Trump—and indirectly on U.S. policy. This coming week, everything will hinge on the geopolitical conflict between Iran and Israel, with U.S. involvement. Market participants will certainly note economic news, but the most significant and interesting moves (which could even affect wave markings) will come from other causes. By Monday night, quotes may surge in either direction.

Nevertheless, in the European Union on Monday, we expect the release of services and manufacturing PMIs, along with a speech from Christine Lagarde. On Tuesday, there will be another speech from Lagarde. Wednesday brings nothing. On Thursday, yet another speech from Lagarde. Friday – nothing again. In essence, the European Central Bank President will be speaking all week, but this does not guarantee any new information regarding monetary policy. Remember that the ECB meeting took place just two weeks ago. Interest rates were cut for the eighth consecutive time by 25 basis points, and the main rate is now very close to the "neutral level." The ECB now plans to slow the pace of easing. We may still see one or two more rate cuts this year, which could mark the end of the entire cycle of abandoning hawkish policy.

This image is no longer relevant

Wave Structure for EUR/USD:

Based on the analysis of EUR/USD, I conclude that the instrument continues forming an upward trend segment. The wave pattern still completely depends on the news backdrop related to Trump's decisions and U.S. foreign policy. The targets of wave 3 could extend up to the 1.25 area. Therefore, I consider buying positions with initial targets around 1.1708, corresponding to the 127.2% Fibonacci level. A de-escalation of the trade war could reverse the upward trend, but currently, there are no signs of either a reversal or de-escalation.

This image is no longer relevant

Wave Structure for GBP/USD:

The wave pattern for GBP/USD remains unchanged. We are dealing with an upward, impulsive trend segment. With Trump, markets may still face many shocks and reversals that could seriously impact wave structures, but at the moment, the working scenario remains intact, and Trump continues to do everything possible to reduce demand for the dollar. The targets of the upward wave 3 are near 1.3708, corresponding to the 200.0% Fibonacci level from the presumed global wave 2. Therefore, I continue to consider buying positions, as the market shows no intention of reversing the trend.

My Core Analytical Principles:

  1. Wave structures should be simple and clear. Complex structures are hard to trade and often change.
  2. If you're uncertain about what's happening in the market, it's better to stay out.
  3. Absolute certainty in price direction never exists. Don't forget 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
Analytical News
US Market News Digest for July 9 US stock indices closed the session with modest moves: the S&P 500 edged slightly lower, the Nasdaq 100 posted a mild gain, and the Dow Jones slipped into negative territory
Ekaterina Kiseleva
14:03 2025-07-09 +02:00
1015
Crypto-currencies
Crypto market shows extremely low volatility Bitcoin volatility has dropped to a historic low, while Bitcoin itself is trading within 2% of its all-time high. The lack of willingness to buy at current prices could become
Jakub Novak
13:46 2025-07-09 +02:00
1015
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/CAD. Analysis and Forecast

Today, the USD/CAD pair is showing signs of recovery, rising toward the 1.3700 level and approaching the weekly high reached earlier. Fundamental factors point to bullish dominance and the potential
Irina Yanina 12:46 2025-07-09 UTC+2

Markets unfazed by Trump's new tariff threats

Donald Trump's bark is louder than his bite. Markets have grown so accustomed to his rhetoric that the S&P 500 barely flinched at the White House's latest threat to slap
Marek Petkovich 11:53 2025-07-09 UTC+2

AUD/USD. Analysis and Forecast

The AUD/USD pair is holding steady at current levels with a bullish bias but limited movement following the release of inflation data from China—Australia's key trading partner. In June
Irina Yanina 11:35 2025-07-09 UTC+2

USD/JPY. Analysis and Forecast

On Wednesday, the Japanese yen extended its decline for the third consecutive day, pushing the USD/JPY pair to a new two-week high above the key 147.00 level during the Asian
Irina Yanina 11:23 2025-07-09 UTC+2

Consumer lending in the US is slowing down

According to data, consumer lending in the U.S. grew at its slowest pace in three months in May amid a decline in outstanding balances on credit cards and other revolving
Jakub Novak 10:43 2025-07-09 UTC+2

The ECB Is in a Good Position

While the euro remains under pressure against the dollar, risking a complete loss of its bullish momentum, one European policymaker believes the European Central Bank should not be overly concerned
Jakub Novak 10:33 2025-07-09 UTC+2

What to Watch on July 9th: Fundamental Events Breakdown for Beginners

There are no macroeconomic publications scheduled for Wednesday. The week began fairly actively, with both currency pairs declining, even though the fundamental backdrop rather points to another decline
Paolo Greco 08:57 2025-07-09 UTC+2

GBP/USD Overview on July 9, 2025

The GBP/USD pair continued its downward movement on Tuesday, which continues to puzzle observers. As we've repeatedly noted, no instrument in any market can move in the same direction indefinitely
Paolo Greco 08:18 2025-07-09 UTC+2

EUR/USD Overview on July 9, 2025

The EUR/USD currency pair maintained a corrective tone throughout Tuesday. There were no macroeconomic events that day, but Donald Trump "listed" all the countries for which tariffs will be raised
Paolo Greco 07:47 2025-07-09 UTC+2

XAU/USD. Analysis and Forecast

Today, gold remains under pressure; however, several factors are limiting further decline. Expectations that the tariffs imposed by U.S. President Donald Trump will support inflation in the United States
Irina Yanina 19:23 2025-07-08 UTC+2

Top analytics

Relevance up to 21:00 2025-07-09 UTC--5
USD/JPY Forecast for July 9, 2025
06:25 2025-07-09
Technical analysis
Relevance up to 22:00 2025-07-09 UTC--5
EUR/USD Forecast for July 9, 2025
06:58 2025-07-09
Technical analysis
Relevance up to 21:00 2025-07-09 UTC--5
GBP/USD Forecast for July 9, 2025
06:30 2025-07-09
Technical analysis
Relevance up to 03:00 2025-07-10 UTC--5
Forecast for EUR/USD on July 9, 2025
11:20 2025-07-09
Technical analysis
Relevance up to 00:00 2025-07-10 UTC--5
EUR/USD: Simple Trading Tips for Beginners on July 9th. Review of Yesterday's Forex Trades
09:20 2025-07-09
Forecast
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.