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17.04.202511:07 Forex Analysis & Reviews: EUR/USD Forecast for April 17, 2025

On Wednesday, the euro once again moved into the target range of 1.1385–1.1420. However, recent price behavior suggests that the 1.1385 level is now redundant — we're seeing a consolidation range between 1.1276 and 1.1420. Within this range, the euro will await the results of today's ECB meeting. Economists expect a rate cut from 2.65% to 2.40%. In recent days, market participants have raised their dovish expectations, even allowing for a deeper cut to 2.15% (-0.50%) or slightly higher — to around 2.25–2.30%.

Exchange Rates 17.04.2025 analysis

Overall, we anticipate a break below support at 1.1276 and a move toward the 1.1110/50 range. A break through that zone would open the path to the target level of 1.0955 — the March 18 high. The Marlin oscillator has already moved into negative territory and is poised to drag the price down with it.

Exchange Rates 17.04.2025 analysis

On the H4 chart, the price has once again settled below the lower boundary of the 1.1385 range. Support at 1.1276 is now exposed. Following the ECB decision, the MACD line (1.1230) may also be broken.

An alternative scenario is possible only if the price consolidates above the 1.1535 level

*El análisis de mercado publicado aquí tiene la finalidad de incrementar su conocimiento, más no darle instrucciones para realizar una operación.

Laurie Bailey,
Analytical expert of InstaSpot
© 2007-2025
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