FX.co ★ Hot forecast for EUR/USD on May 25, 2021

The macroeconomic calendar is completely empty, just like the background information. As a matter of fact, there is simply nothing for the investor to grab onto yet. It is for this very reason that there is no activity in the market. Although, this is partly due to the fact that yesterday was a day off in Europe. However, the absence of any significant news or data also does not contribute to the revival of the market. In general, it is worth getting ready for the fact that the single European currency will sluggishly hang around the current values, with an extremely low amplitude. Frankly speaking, even American statistics today will not be able to influence the state of affairs. This is due to the fact that the published data, at best, are of a secondary nature, and by themselves are not capable of influencing the market. We are talking about S&P / Case-Shiller data on house prices, the growth rate of which may accelerate from 11.9% to 12.1%. This seems to be not so bad, since the rise in prices gives rise to profits. However, there are still strong concerns about the rise in inflation, and the rise in house prices is one of the components. But the point is that these data will be offset by new home sales, which may decline by 10.0%. In other words, prices go up and sales go down. In general, the data will overlap each other, and even if we see some kind of activity, it will be extremely low.

New Home Sales (United States):

During the last trading day, the EUR/USD currency pair showed quite active upward interest, but buyers are still limited by the boundaries of the 1.2160 / 1.2245 range previously established by the market.

Market dynamics still show signs of acceleration, but taking into account the current amplitude, a local slowdown in volatility is not excluded.

If we proceed from the current location of the quote, then during the Asian trading session, market participants have already approached the area of the upper border of the range, where there was a reduction in the volume of long positions.

In this situation, we can assume that the price range 1.2160 / 1.2245 continues to focus traders on itself, where a sequential amplitude swing is not excluded. Trading tactics in this case are applicable both for a rebound from the specified boundaries, and for a breakout.

From the point of view of a complex indicator analysis, it can be seen that the indicators of technical instruments have a variable signal - Buy / Sell, on the minute and daily intervals, for price movements within the specified range.

The daily period, as before, is focused on an upward cycle, signaling a buy.