empty
28.02.2023 05:10 PM
EUR/USD. Analysis for February 28. Inflation in Europe is starting to accelerate again.

This image is no longer relevant

The 4-hour chart for the euro/dollar pair still shows the same wave pattern, which is excellent because it allows us to predict how the situation will develop. Although its amplitude would be more appropriate for the impulsive section, the upward section of the trend has been corrected. The wave pattern a-b-c-d-e that we were able to obtain features a wave e that is far more complex than the other waves. If the wave analysis is accurate, then this pattern's development is complete, and wave e was far longer than any other wave. I still anticipate a significant decrease in the pair because we are anticipated to develop at least three waves downward. A few days or weeks of inactivity is possible with the pair, though. The quotes' retreat from the low they attained on Monday points to the potential start of wave 2 or b. If this is the case, then any news background will result in a rise in quotes for a while. In any event, I anticipate a new, rather sharp decrease following the completion of this wave, as the pair must first create at least three waves downward before considering a potential new upward section.

On Tuesday, the euro/dollar pair increased by 30 basis points, but the day's amplitude was relatively low. The most interesting events this week will take place on Wednesday, Thursday, and Friday, and the market will have to be content with less essential data on the first two days of the week. But they may appear insignificant at first look. For example, inflation data for January were released today in Spain and France, and they grew rather than decreased, as many might have expected. Inflation in Germany has risen, as was previously reported. As a result, in January, the three largest economies in the European Union displayed a downward inflationary trend. Why does this matter? Only then will inflation begin to increase again across the European Union.

Germany's inflation for February will be revealed tomorrow, while the European Union's inflation for February will be released on Thursday. The market anticipates a drop in both indices, however, I'd like to point out the following. The consumer price index may slow down considerably more slowly than expected in the European Union, and since there was an increase in January, it generally has no significance in Germany. There won't be the anticipated overall reduction to 2% if inflation increases for one month and declines for the next. There is just another justification for the ECB to keep raising interest rates. And this factor might start to strengthen the demand for the euro once more. In the near future, inflation statistics in Europe must be actively monitored, as this element may return the pair to creating an upward trend segment while the wave pattern indicates the need to build a downward set of waves. There might be a disagreement.

This image is no longer relevant

Conclusions in general

I draw the conclusion that the upward trend section's development is finished based on the analysis. As a result, it is now allowed to take into account sales with targets close to the predicted mark of 1.0284, or 50.0% Fibonacci. A correction wave 2 or b can be developed at this point, which should be considered. Opening sales now on the MACD "down" indications would be a good idea.

On the older wave scale, the ascending trend section's wave pattern has grown longer but is likely finished. The a-b-c-d-e pattern is most likely represented by the five upward waves we observed. The downward section of the trend is already taking shape and can have any form or extent.

Chin Zhao,
Analytical expert of InstaForex
© 2007-2025
选择时间框架
5
分钟
15
分钟
30
分钟
1
小时
4
小时
1
1
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

推荐文章

2025年6月26日英鎊/美元分析

英鎊/美元的波動模式繼續顯示出上升衝動波結構的發展。此波浪布局與歐元/美元幾乎相同,因為唯一的上漲原因仍然是美國美元。

Chin Zhao 19:27 2025-06-26 UTC+2

EUR/USD 於 2025 年 6 月 26 日分析

在4小時圖上的EUR/USD波浪形態依然顯示出上升趨勢的形成。直到2月28日之前,由於美元的疲弱,整體波浪結構顯示出一個令人信服的下降趨勢,正在建構修正波2。

Chin Zhao 19:20 2025-06-26 UTC+2

2025年6月25日歐元/美元分析

在4小時圖上,EUR/USD的波浪型態持續顯示出多頭趨勢段的形成。直到2月28日美元開始下跌之前,整個波浪型態看起來像是一個令人信服的下行趨勢,一個修正波浪2正在展開。

Chin Zhao 19:10 2025-06-25 UTC+2

2025年6月24日 GBP/USD 分析

英鎊/美元的波浪形態持續顯示出看漲的衝動波序列正在形成。這個波浪形態與歐元/美元幾乎相同,因為在兩者的主要推動力仍然是美國的美元。

Chin Zhao 19:35 2025-06-24 UTC+2

2025年6月24日歐元/美元分析

在4小時的歐元/美元圖表上,波浪形態持續顯示出上升趨勢段的形成。這一轉變完全是由於新的美國貿易政策所致。

Chin Zhao 19:29 2025-06-24 UTC+2

2025年6月23日EUR/USD分析

4小時EUR/USD圖表的波浪形態繼續表明上升趨勢段的發展。這一變化完全是由於美國新貿易政策的執行。

Chin Zhao 19:08 2025-06-23 UTC+2

基於簡化波浪分析的每週預測:英鎊/美元、澳元/美元、美元/瑞士法郎、歐元/日圓、歐元/英鎊以及美國指數 — 6月23日

GBP/USD 分析:自四月以來,英鎊主要貨幣對的短期價格走勢遵循了一個多頭波浪。截至今天,該波浪結構仍未完成。

Isabel Clark 11:14 2025-06-23 UTC+2

根據簡化波浪分析的歐元/美元、美元/日元、英鎊/日元、美元/加元、紐元/美元及黃金的每週預測 — 6月23日

未來幾天的預測:預計將繼續處於橫向走勢。在預測的支撐區附近,可能性較高將出現暫停,並形成反轉條件。

Isabel Clark 11:09 2025-06-23 UTC+2

2025年6月17日英鎊/美元分析

在GBP/USD圖表上,波浪形態繼續顯示出一個上升衝動波浪形態的形成。波浪佈局與EUR/USD的非常相似,因為這裡的主要驅動因素是美國美元。

Chin Zhao 21:24 2025-06-17 UTC+2

2025年6月17日 歐元/美元分析

在4小時的EUR/USD圖表上,波浪模式仍然顯示上升趨勢段的發展。這一變化完全是由於美國新的貿易政策所引發的。

Chin Zhao 21:18 2025-06-17 UTC+2
现在无法通话?
提出您的问题,用 在线帮助.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.