CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.02% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
empty
You are about to leave
www.instaforex.eu >
a website operated by
INSTANT TRADING EU LTD
Open Account

31.01.202505:01 Forex Analysis & Reviews: Forecast for EUR/USD on January 31, 2025

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

At yesterday's meeting, the European Central Bank lowered its key interest rates by the expected 0.25%. In its accompanying statement, the central bank emphasized its commitment to a restrictive policy, which has led the markets to strengthen expectations for another rate cut in March and to anticipate a total of three cuts by the end of the year.

Exchange Rates 31.01.2025 analysis

However, the euro did not decline significantly, dropping only 30 pips, primarily due to weak GDP data. In the fourth quarter, GDP showed zero growth compared to an expected increase of 0.1%, while the annual GDP remained at 0.9%, falling short of the anticipated 1.0% growth.

It is important to note that GDP has a unique characteristic compared to other indices—it often accumulates alongside subsequent weak data and can have a delayed effect that extends over a week. Next week, key inflation data, PMI reports, and a broad range of U.S. economic indicators, including unemployment figures, will be released for the Eurozone. However, the euro approaches these events from a notably weak position. A consolidation below the 1.0350 support level could open the door for a decline toward the 1.0135 target.

Exchange Rates 31.01.2025 analysis

On the four-hour chart, the euro consolidated below the balance and MACD indicator lines after making a false breakout above them and reversing from the 1.0458 resistance level. The Marlin oscillator has turned downward from the zero line. Currently, the price is consolidating above the 1.0350 level while aiming for a breakout.

Laurie Bailey
Analytical expert of InstaForex
© 2007-2025

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.




CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.02% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
You are now leaving www.instaforex.eu, a website operated by INSTANT TRADING EU LTD
Can't speak right now?
Ask your question in the chat.
Widget callback

Turn "Do Not Track" off

🍪 We use cookies

We may place cookies for analysis of our visitor data, to improve our website and measure advertising performance. Overall this data is used to provide a better website experience. More information

 

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 Instant Trading EU Ltd 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.