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09.07.2025 06:58 AM
EUR/USD Forecast for July 9, 2025

On Tuesday, the euro attempted a downward move but failed to reach support at the MACD line, stopping at the target level of 1.1692. The day closed with a white candlestick, increasing the likelihood of a price rebound toward retesting the upper boundary of the price channel at 1.1830.

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For a downward continuation, the price must settle below the support reached yesterday and also below the MACD line. However, this would require at least two more days. On Friday, a large batch of data is expected from the UK, meaning that the key developments are likely to unfold next week. Trump has postponed the introduction of tariffs from July 9 to August 1.

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On the four-hour chart, a convergence has formed. The likelihood of a rise toward 1.1830 now has more technical justification. The MACD line near the 1.1771 mark acts as interim resistance—if this level is broken, the main target will be automatically unlocked.

Laurie Bailey,
Analytical expert of InstaForex
© 2007-2025
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