🟢 EURUSD chart analysis for the upcoming new week, April 28, 2025 #forexlive #honeyforex

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# EURUSD Chart Analysis
The EURUSD pair is currently in a consolidation phase above 1.1350, with a bullish bias. Here's a breakdown of the chart analysis:
- *Resistance Levels*: The pair faces resistance at 1.1473, the 2025 high reached on April 11. A clear breakout above this level could expose the February 2022 peak at 1.1498.
- *Support Levels*: Initial support rests at the 200-day Simple Moving Average (SMA) at 1.0753, followed by the weekly low at 1.0732 (March 27).
- *Indicators*: The Relative Strength Index (RSI) eased to around 69, exiting the overbought zone, while the Average Directional Index (ADX) above 46 points to a still-healthy trend.

# Weekly Forex Forecast
Based on expert analysis, here's a forecast for EURUSD this year:
- *Bullish Themes*: The pair is expected to gather strength above 1.1350, with a bullish bias remaining intact.
- *Bearish Themes*: However, some analysts predict a bearish rebound, citing potential selling pressure and trade tensions.
- *Yearly Forecast*: Experts note that the macroeconomic picture favors the USD over the EUR, with the Fed projecting only two rate cuts in 2025.

# Influencers to Watch
Some key influencers to watch for EURUSD include¹:
- *European Central Bank (ECB)*: The ECB's monetary policy decisions, particularly interest rates, will impact the pair's performance. A 25bps rate cut was expected and delivered on Thursday.
- *Federal Reserve Bank (Fed)*: The Fed's policy stance, including interest rates and quantitative easing, will also influence the pair.
- *Trade Tensions*: Ongoing trade tensions, particularly between the US and EU, could impact the pair's movement.

# Market Outlook
The EURUSD pair is expected to remain volatile, driven by economic data releases, central bank policies, and geopolitical events. Traders should keep an eye on key events, such as the Fed's policy decisions and US economic data releases, to gauge the pair's direction.

Видео 🟢 EURUSD chart analysis for the upcoming new week, April 28, 2025 #forexlive #honeyforex канала Honey Forex