EUR/USD Forecast: CPI, PPI & Trade Talks to Watch
- The EUR/USD pair began the week trading around 1.1418, as investors await significant economic reports and geopolitical developments.
- Investor sentiment is cautiously optimistic before the U.S.-China trade discussions in london.
- macroeconomic indicators are scheduled for release this week.These include the Producer Price Index (PPI) on Wednesday and the Consumer Price Index (CPI) and the University of Michigan consumer...
Navigate the EUR/USD this week as it opens near 1.1418 amid trade talk anticipation. Key US economic data, like the PPI and CPI, are set to provide critical insights, alongside the ongoing US-China meeting in London, shaping market optimism.Technical analysis suggests a potential downward wave, but the market remains sensitive to progress in trade negotiations. Traders should watch these indicators closely. News Directory 3 is monitoring how President TrumpS announcements are influencing the currency pair. The mixed economic signals and forthcoming data releases make this an important time to monitor the EUR/USD. Discover what’s next for the currency pair.
Updated June 9,2025
The EUR/USD pair began the week trading around 1.1418, as investors await significant economic reports and geopolitical developments. Market focus centers on upcoming U.S. economic data and the latest on trade.
Investor sentiment is cautiously optimistic before the U.S.-China trade discussions in london. Last week, President Donald Trump’s announcement fueled hopes for progress in trade negotiations, helping to stabilize market sentiment. The market mood is sensitive to any indications of progress in thes critical trade talks.
A series of U.S. macroeconomic indicators are scheduled for release this week.These include the Producer Price Index (PPI) on Wednesday and the Consumer Price Index (CPI) and the University of Michigan consumer sentiment index on Friday. These reports should provide insights into the effects of tariffs on inflation and the overall U.S.economic direction. Monitoring these indicators is crucial for understanding the broader economic landscape.
Last Friday, the dollar gained ground following a stronger-than-expected May employment report. Though, recent data on private employment, unemployment claims, and services PMI suggest ongoing economic fragility. The mixed economic signals contribute to market uncertainty.
EUR/USD Technical analysis
Technical analysis suggests the EUR/USD pair reached a growth wave target at 1.1494. A correction phase is unfolding, targeting 1.1365 initially. A rebound to 1.1438 is possible before a new downward wave toward 1.1275, perhaps declining to 1.1210 long-term.
The MACD indicator supports this bearish outlook, with its signal line above zero but pointing downward, signaling a shift toward bearish momentum.
On the H1 chart, the pair completed its first downward wave, reaching 1.1372. A corrective bounce to 1.1438 is anticipated. This move will determine if EUR/USD resumes its upward correction or extends its decline.
What’s next
The EUR/USD faces a critical week, influenced by U.S. economic data and trade talk developments. A short-term corrective move to 1.1438 is absolutely possible, but further downside toward 1.1365, 1.1275, and 1.1210 remains contingent on data outcomes and overall risk sentiment. Technical indicators suggest a shift in momentum, with consolidation and correction likely before the next directional move in the EUR/USD exchange rate.