empty
InstaForex - Official partner of Dragon Racing
InstaForex - Official partner of Dragon Racing
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
Key documents
Social Responsibility
16.01.2025 01:39 PM
EUR/GBP: Analysis and Forecast
Open trading account Open demo account

This image is no longer relevant

The EUR/GBP pair is recovering positive momentum today, drawing buyers near the 0.8400 level. This move helped halt the sharp pullback from the previous day, which followed the pair's rise to its highest level since August 23, 2024.

The recovery is supported by a combination of factors. After the release of macroeconomic data from the UK and the final CPI (Consumer Price Index) data from Germany, spot prices maintain a positive bias.According to the UK's Office for National Statistics (ONS), the economy returned to growth, expanding by 0.1% in November after contracting by 0.1% in the prior month. However, other reports revealed that monthly industrial and manufacturing production fell more than expected, declining by 0.4% and 0.3%, respectively, in November.

These developments, combined with weaker UK consumer inflation data, provide the Bank of England (BoE) with room to consider cutting interest rates at its February monetary policy meeting. Additionally, concerns about the UK's fiscal situation and the risk of stagflation—a combination of high inflation and weak economic growth—are weighing on the British pound.

On the other hand, the euro is finding support from rising German CPI and core annual inflation, which increased to 3.3% in December, up from 3.0% in the previous month. This is creating additional demand for the EUR/GBP pair. However, these figures also raise concerns about stagflation in the eurozone's largest economy, reinforcing expectations of further interest rate cuts by the European Central Bank (ECB). These factors are limiting the euro's upside potential and necessitate caution for traders considering new long positions in this currency pair.

Given the above, it would be prudent to wait for a break above the critical 200-day Simple Moving Average (SMA) and a sustained close above this level before initiating new long positions. While oscillators on the daily chart remain in positive territory, they are approaching overbought levels, which calls for caution among buyers.

If the price convincingly rises above the 200-day SMA and closes above 0.8450, the pair could target a return to the 0.8500 level.

This image is no longer relevant

On the other hand, immediate support for the EUR/GBP pair lies near the 0.8400 level, where the pullback halted during the previous session. Below this, additional support can be found at 0.8382, followed by the 100-day SMA. A break below the 100-day SMA and a move toward the 50-day SMA would shift the bias in favor of the bears.

This image is no longer relevant

Irina Yanina,
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
Technical analysis
EUR/USD – March 18th: Christine Lagarde Warns the U.S. On Monday, the EUR/USD pair once again moved toward the 1.0944 level, but this time, bulls failed to reach this target. As a result, no new trading signals were generated
Samir Klishi
11:30 2025-03-18 +02:00
1225
Technical analysis
Forex forecast 18/03/2025: EUR/USD, GBP/USD, USD/CAD, SP500 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
11:16 2025-03-18 +02:00
1240
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

No Major Surprises Expected from the Fed Meeting (Anticipating a Sharp Drop in EUR/USD and Continued Cautious Gold Price Growth)

Markets are experiencing turmoil due to the risk of a U.S. economic recession. Although Treasury Secretary Bessent attempts to reassure investors by calling the market "correction" a healthy process, these
Pati Gani 08:48 2025-03-18 UTC+2

What to Pay Attention to on March 18? A Breakdown of Fundamental Events for Beginners

A large number of macroeconomic events are scheduled for Tuesday, but none of them are significant. For example, the Eurozone and Germany will publish ZEW economic sentiment indices, which
Paolo Greco 06:08 2025-03-18 UTC+2

GBP/USD Pair Overview – March 18: The Pound Persistently Climbs Upward

On Monday, the GBP/USD currency pair continued to lean toward growth. There were no significant events in the UK throughout the day, while in the U.S., only one report
Paolo Greco 04:04 2025-03-18 UTC+2

EUR/USD Pair Overview – March 18: The Break is Over

The EUR/USD currency pair has resumed its upward movement. Since there was very little news on this day, and none of it was significant, volatility remained quite low, preventing
Paolo Greco 04:04 2025-03-18 UTC+2

USD/JPY: Analysis and Forecast

The Japanese yen continues to be on the defensive against the U.S. dollar, as global risk sentiment improves following new stimulus measures announced by China over the weekend. This
Irina Yanina 11:35 2025-03-17 UTC+2

USD/CAD: The Pair Starts the New Week with Caution

The USD/CAD pair begins the new week with caution, fluctuating within a narrow range above 1.4350 and remaining above the 50-day SMA. However, fundamental factors suggest potential downside risks. Positive
Irina Yanina 11:05 2025-03-17 UTC+2

Are stock investors poised to buy shares during nosedive?

Anything can happen sooner or later. The S&P 500 entered correction territory in just 16 trading sessions. In the previous 24 instances where stocks dropped 10% from recent record highs
Marek Petkovich 09:32 2025-03-17 UTC+2

Markets Will Remain in a Depressed State for Some Time (we expect a renewed decline in #Bitcoin and #Litecoin)

Global financial markets continue to be heavily influenced by the policies of the U.S. president, who is disrupting the established economic and geopolitical framework that existed before him. Naturally, this
Pati Gani 09:15 2025-03-17 UTC+2

Dollar Sells Off, Recession Threat Grows, S&P 500 Index Risks a Major Collapse

The dollar sell-off continues without signs of slowing down. According to the CFTC report, the net long position on the USD decreased by another $4.6 billion over the week, reaching
Kuvat Raharjo 08:52 2025-03-17 UTC+2

GBP/USD Pair Overview – March 17: The Market Has Fallen Asleep. Nobody Cares About the Economy

The GBP/USD currency pair completely stagnated on Friday. The chart below clearly shows that there was significant volatility during the first three days of the week before last when
Paolo Greco 04:05 2025-03-17 UTC+2

Top analytics

Relevance up to 03:00 2025-03-20 UTC--4
No Major Surprises Expected from the Fed Meeting (Anticipating a Sharp Drop in EUR/USD and Continued Cautious Gold Price Growth)
09:48 2025-03-18
Fundamental analysis
Relevance up to 01:00 2025-03-19 UTC--4
EUR/USD: Simple Trading Tips for Beginner Traders on March 18. Review of Yesterday's Forex Trades
09:00 2025-03-18
Forecast
Relevance up to 00:00 2025-03-19 UTC--4
Global Market Dynamics: China, the US and AI Are Driving New Trends
06:16 2025-03-18
News
Relevance up to 22:00 2025-03-18 UTC--4
EUR/USD Forecast for March 18, 2025
04:37 2025-03-18
Technical analysis
Relevance up to 01:00 2025-03-19 UTC--4
USD/JPY: Simple Trading Tips for Beginner Traders on March 18. Review of Yesterday's Forex Trades
09:00 2025-03-18
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.