☀️ Ultimate forecast for EURUSD

What will you do this Summer?  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ What will you do this Summer?                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         [FBS]( [[fbsanalytics] FBS Analytics]( [Log in]( [FBS]( What news will you trade on this Summer, {NAME}? The upcoming months will be a critical time for EURUSD. We at FBS want our traders to know when and how to act, so we have prepared a forecast for the most important summer factors that will impact the popular currency pair. Remember to deposit money into your trading account to open your positions during market-changing events. [Deposit now]( Factors impacting EURUSD Let’s consider the factors that will influence the popular trading instrument in the coming months. Eurozone inflation Eurozone inflation will be the main factor for EURUSD. As of May, the annual inflation rate stood at 2.6%, up from 2.4% in April. Rising energy prices can increase costs, contributing to overall inflation. Higher inflation typically leads to tighter monetary policies, strengthening the Euro. [fbs] ECB interest rate policies The ECB's interest rate decision will be the key event in early June. We expect the Central Bank to cut interest rates by 25 basis points. Interest rate cuts weaken the Euro by reducing the returns on Euro-denominated investments and making the currency less attractive to investors. [fbs] Geopolitics The ongoing conflict in Ukraine and EU—Russia relations can dramatically affect energy prices and trade balances. Any significant developments could increase market volatility and impact the EURUSD exchange rate. [fbs] Industrial production Another factor is the EU and US industrial indicators. While Germany's industrial output increased by 1.2%, the Eurozone showed mixed results overall, highlighting disparities among member states. Higher industrial production generally supports a stronger Euro, indicating robust economic activity, which can attract investment and boost the currency.. [fbs] Trade balances The Eurozone's trade surplus has been narrowing due to higher energy import costs. This can weaken the Euro by indicating higher outflows of Euros to pay for imports. Conversely, a stronger trade balance supports the Euro by indicating more foreign currency inflows. [fbs] US economic data GDP growth rates and employment data influence Federal Reserve policies, affecting the EURUSD exchange rate. The Fed is expected to cut rates in response to slowing US economic growth, potentially weakening the USD against the Euro. However, we don’t expect the Fed to do it soon as inflation remains stubbornly high and is nowhere near the 2% target. [fbs] [Trade EURUSD]( Events we should pay attention to this Summer: [fbs] ECB meetings; [fbs] Geopolitical developments in Ukraine and EU-Russia relations; [fbs] The US Federal Reserve actions. Technical analysis & forecast In the weekly timeframe, EURUSD has formed a symmetrical triangle pattern, and the price tests the upper trend line. There must be a clear trend, and indicators give extremely mixed signals, so we must consider two possible scenarios: • If the price breaks the trend line and rises above the resistance at 1.0940, we can expect a rise to 1.1270; • Otherwise, EURUSD may fall to the lower trend line of 1.0600, corresponding to 38.2 Fibonacci. [FBS]( [Trade now]( What will you do this Summer? The EURUSD is poised for significant changes this Summer, driven by rising inflation, ECB policy changes, and changes in industrial production. Traders should pay close attention to economic data and geopolitical developments. The decisions of the European Central Bank and the Federal Reserve will have a huge impact, so stay tuned to our analysis and forecasts. 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